Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 14.3% in the first quarter, Holdings Channel reports. The fund owned 45,555 shares of the real estate investment trust’s stock after buying an additional 5,683 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CyrusOne were worth $2,389,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in CONE. Oregon Public Employees Retirement Fund raised its position 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 last quarter. Deutsche Bank AG raised its position in CyrusOne by 157.0% during the fourth quarter. Deutsche Bank AG now owns 2,336,203 shares of the real estate investment trust’s stock worth $123,534,000 after acquiring an additional 1,427,291 shares during the last quarter. Vanguard Group Inc raised its position in CyrusOne by 8.8% during the third quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock worth $953,281,000 after acquiring an additional 1,213,820 shares during the last quarter. Principal Financial Group Inc. raised its position in CyrusOne by 49.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock worth $175,518,000 after acquiring an additional 1,094,406 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of CyrusOne in the fourth quarter valued at approximately $55,190,000. Institutional investors own 98.04% of the company’s stock.
Shares of CONE stock opened at $59.64 on Wednesday. CyrusOne Inc has a one year low of $48.94 and a one year high of $69.01. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. The company has a market cap of $6.46 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.33 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.84 annualized dividend and a yield of 3.09%. CyrusOne’s dividend payout ratio is currently 55.59%.
In other CyrusOne news, EVP Kevin L. Timmons sold 19,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the completion of the sale, the executive vice president now directly owns 152,965 shares in the company, valued at $7,822,630.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary J. Wojtaszek acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were acquired at an average price of $49.86 per share, with a total value of $199,440.00. Following the completion of the purchase, the chief executive officer now owns 396,534 shares of the company’s stock, valued at $19,771,185.24. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. BidaskClub lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Bank of America raised shares of 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. BMO Capital Markets dropped their price target on shares of CyrusOne to $60.00 and set an “outperform” rating for the company in a research report on Friday, February 22nd. Finally, Stifel Nicolaus set a $62.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research report on Friday, February 22nd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $64.27.
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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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