Teachers Advisors LLC raised its position in CyrusOne Inc (NASDAQ:CONE) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 748,433 shares of the real estate investment trust’s stock after acquiring an additional 57,694 shares during the period. Teachers Advisors LLC owned approximately 0.82% of CyrusOne worth $44,554,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of CyrusOne in the 4th quarter worth $127,000. Pitcairn Co. acquired a new stake in shares of CyrusOne in the fourth quarter valued at about $203,000. Buckley Wealth Management LLC acquired a new stake in shares of CyrusOne in the fourth quarter valued at about $207,000. Cipher Capital LP acquired a new stake in shares of CyrusOne in the third quarter valued at about $221,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of CyrusOne in the fourth quarter valued at about $248,000. Institutional investors own 99.50% of the company’s stock.
CyrusOne stock opened at $52.88 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The stock has a market cap of $5,083.13, a PE ratio of -55.66, a price-to-earnings-growth ratio of 0.95 and a beta of 0.83. CyrusOne Inc has a 52-week low of $43.49 and a 52-week high of $65.73.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s payout ratio is presently -176.84%.
Several analysts recently commented on the stock. BidaskClub upgraded shares of CyrusOne from a “strong sell” rating to a “sell” rating in a research note on Thursday. Jefferies Group reiterated a “buy” rating and issued a $67.00 price objective on shares of CyrusOne in a research note on Tuesday, February 27th. Credit Suisse Group reiterated a “buy” rating and issued a $73.00 price objective on shares of CyrusOne in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Finally, Guggenheim set a $65.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $66.62.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the transaction, the insider now owns 177,843 shares in the company, valued at $8,783,665.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.
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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