California Public Employees Retirement System grew its position in CyrusOne Inc (NASDAQ:CONE) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,038 shares of the real estate investment trust’s stock after acquiring an additional 13,589 shares during the period. California Public Employees Retirement System owned about 0.18% of CyrusOne worth $9,220,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CONE. Centersquare Investment Management LLC purchased a new stake in shares of CyrusOne in the first quarter valued at about $147,004,000. JPMorgan Chase & Co. boosted its holdings in shares of CyrusOne by 56.3% in the first quarter. JPMorgan Chase & Co. now owns 2,496,761 shares of the real estate investment trust’s stock valued at $127,859,000 after acquiring an additional 899,515 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of CyrusOne in the first quarter valued at about $44,230,000. BlackRock Inc. boosted its holdings in shares of CyrusOne by 9.8% in the first quarter. BlackRock Inc. now owns 9,151,041 shares of the real estate investment trust’s stock valued at $468,623,000 after acquiring an additional 814,160 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of CyrusOne by 66.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,492,106 shares of the real estate investment trust’s stock valued at $76,359,000 after acquiring an additional 593,219 shares in the last quarter. 98.54% of the stock is currently owned by institutional investors and hedge funds.
CONE stock opened at $57.88 on Monday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.74 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.04 and a beta of 0.80. 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, July 13th. Shareholders of record on Friday, June 29th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, June 28th. CyrusOne’s payout ratio is currently 58.97%.
Several brokerages have recently weighed in on CONE. BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Deutsche Bank boosted their price objective on shares of CyrusOne from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Guggenheim set a $65.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating on shares of CyrusOne in a report on Thursday, March 1st. Finally, Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and a consensus target price of $67.46.
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 200 Fortune 1000 companies.
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