Deutsche Bank AG increased its position in shares of CyrusOne Inc (NASDAQ:CONE) by 157.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,336,203 shares of the real estate investment trust’s stock after purchasing an additional 1,427,291 shares during the quarter. Deutsche Bank AG owned 2.16% of CyrusOne worth $123,534,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new position in shares of CyrusOne during the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund grew its holdings in CyrusOne by 5,517.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,152,545 shares during the period. Proficio Capital Partners LLC grew its holdings in CyrusOne by 59.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,098 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 409 shares during the period. Bremer Trust National Association acquired a new position in CyrusOne during the fourth quarter worth about $84,000. Finally, Point72 Hong Kong Ltd acquired a new position in CyrusOne during the third quarter worth about $158,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
CONE traded up $0.74 on Wednesday, hitting $56.39. The company had a trading volume of 721,424 shares, compared to its average volume of 1,111,327. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $69.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $6.10 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.24 and a beta of 0.87.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.84 annualized dividend and a yield of 3.26%. CyrusOne’s dividend payout ratio (DPR) is currently 55.59%.
A number of equities analysts recently weighed in on the company. Stifel Nicolaus set a $62.00 price target on CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 22nd. Wells Fargo & Co reissued a “buy” rating on shares of CyrusOne in a research note on Thursday, February 21st. BMO Capital Markets reissued a “buy” rating and issued a $68.00 price target on shares of CyrusOne in a research note on Wednesday, February 20th. BidaskClub raised CyrusOne from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Bank of America upgraded CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $62.55.
In other CyrusOne news, CEO Gary J. Wojtaszek purchased 4,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were bought at an average cost of $49.86 per share, with a total value of $199,440.00. Following the transaction, the chief executive officer now directly owns 396,534 shares in the company, valued at approximately $19,771,185.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Klayko purchased 1,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $51.10 per share, for a total transaction of $99,900.50. Following the completion of the transaction, the director now owns 12,016 shares in the company, valued at $614,017.60. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 211 Fortune 1000 companies.
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