Stephens Inc. AR boosted its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 23.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,246 shares of the real estate investment trust’s stock after purchasing an additional 3,787 shares during the quarter. Stephens Inc. AR’s holdings in CyrusOne were worth $1,062,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Sageworth Trust Co bought a new position in CyrusOne during the first quarter valued at $26,000. Lenox Wealth Management Inc. bought a new position in CyrusOne during the first quarter valued at $26,000. Pearl River Capital LLC bought a new position in CyrusOne during the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund increased 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 valued at $41,000 after acquiring an additional 2,152,545 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in CyrusOne during the first quarter valued at $49,000. 98.04% of the stock is currently owned by institutional investors.
NASDAQ CONE opened at $63.72 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $7.21 billion, a PE ratio of 19.43, a P/E/G ratio of 1.26 and a beta of 0.87. CyrusOne Inc has a 12 month low of $48.94 and a 12 month high of $69.01.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, June 27th. CyrusOne’s payout ratio is presently 55.59%.
A number of research firms have weighed in on CONE. TheStreet upgraded shares of CyrusOne from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. BMO Capital Markets set a $66.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, May 3rd. ValuEngine upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Berenberg Bank upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $69.00 in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $64.41.
In related news, Director Michael Klayko purchased 1,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $51.10 per share, for a total transaction of $99,900.50. Following the completion of the acquisition, the director now owns 12,016 shares in the company, valued at approximately $614,017.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin L. Timmons sold 19,600 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the completion of the transaction, the executive vice president now owns 152,965 shares in the company, valued at $7,822,630.10. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
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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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