Geode Capital Management LLC boosted its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 796,362 shares of the real estate investment trust’s stock after acquiring an additional 27,644 shares during the quarter. Geode Capital Management LLC’s holdings in CyrusOne were worth $47,407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CONE. Atlantic Trust Group LLC acquired a new stake in CyrusOne during the 3rd quarter worth about $93,942,000. Santa Barbara Asset Management LLC acquired a new stake in CyrusOne during the 3rd quarter worth about $65,169,000. Cbre Clarion Securities LLC boosted its position in CyrusOne by 21.7% during the 4th quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock worth $193,357,000 after acquiring an additional 579,122 shares during the period. Janus Henderson Group PLC boosted its position in CyrusOne by 29.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,091,406 shares of the real estate investment trust’s stock worth $64,317,000 after acquiring an additional 251,472 shares during the period. Finally, Wells Fargo & Company MN boosted its position in CyrusOne by 108.3% during the 3rd quarter. Wells Fargo & Company MN now owns 475,305 shares of the real estate investment trust’s stock worth $28,010,000 after acquiring an additional 247,103 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.
CyrusOne Inc (NASDAQ CONE) opened at $52.88 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.30. CyrusOne Inc has a one year low of $43.49 and a one year high of $65.73. The firm has a market capitalization of $5,083.14, a P/E ratio of -55.66, a P/E/G ratio of 0.95 and a beta of 0.83.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.48%. This is an increase from CyrusOne’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, March 28th. CyrusOne’s dividend payout ratio (DPR) is presently -176.84%.
In related news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total value of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on CONE. Barclays reaffirmed a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Friday, January 19th. Credit Suisse Group set a $73.00 price target on CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Jefferies Group reaffirmed a “buy” rating and set a $67.00 price target on shares of CyrusOne in a research note on Tuesday, February 27th. Guggenheim set a $65.00 price target on CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $66.62.
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CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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