Usca Ria LLC reduced its stake in shares of CyrusOne (NASDAQ:CONE) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,769 shares of the real estate investment trust’s stock after selling 3,998 shares during the quarter. Usca Ria LLC’s holdings in CyrusOne were worth $551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new position in CyrusOne during the 4th quarter worth $127,000. Pitcairn Co. bought a new position in CyrusOne during the 4th quarter worth $203,000. Buckley Wealth Management LLC bought a new position in CyrusOne during the 4th quarter worth $207,000. CIBC World Markets Inc. bought a new position in CyrusOne during the 4th quarter worth $248,000. Finally, LPL Financial LLC bought a new position in CyrusOne during the 4th quarter worth $284,000. Hedge funds and other institutional investors own 99.94% of the company’s stock.
CyrusOne opened at $52.14 on Friday, MarketBeat Ratings reports. CyrusOne has a 1 year low of $43.49 and a 1 year high of $65.73. The firm has a market capitalization of $5.17 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a $0.46 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.53%. CyrusOne’s dividend payout ratio (DPR) is 58.97%.
A number of research analysts recently commented on the company. BidaskClub upgraded CyrusOne from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Guggenheim set a $65.00 price objective on CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Credit Suisse Group set a $73.00 price target on CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $67.00 price target on shares of CyrusOne in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.25.
In other news, insider Kevin L. Timmons sold 11,465 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 177,843 shares in the company, valued at $8,783,665.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.64% of the company’s stock.
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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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