Ranger Global Real Estate Advisors LLC acquired a new position in shares of CyrusOne Inc (NASDAQ:CONE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 234,932 shares of the real estate investment trust’s stock, valued at approximately $13,986,000. CyrusOne comprises about 5.5% of Ranger Global Real Estate Advisors LLC’s investment portfolio, making the stock its 5th largest position. Ranger Global Real Estate Advisors LLC owned approximately 0.26% of CyrusOne as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Nippon Life Global Investors Americas Inc. raised its position in shares of CyrusOne by 28.2% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 254,490 shares of the real estate investment trust’s stock valued at $15,150,000 after buying an additional 55,930 shares during the last quarter. Chilton Capital Management LLC lifted its position in shares of CyrusOne by 8.2% during the fourth quarter. Chilton Capital Management LLC now owns 361,791 shares of the real estate investment trust’s stock worth $21,537,000 after purchasing an additional 27,267 shares in the last quarter. Pitcairn Co. acquired a new stake in CyrusOne in the fourth quarter valued at $203,000. Invictus RG raised its holdings in CyrusOne by 34.5% in the fourth quarter. Invictus RG now owns 6,326 shares of the real estate investment trust’s stock valued at $377,000 after acquiring an additional 1,624 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of CyrusOne by 47.4% during the fourth quarter. ETRADE Capital Management LLC now owns 38,818 shares of the real estate investment trust’s stock worth $2,311,000 after purchasing an additional 12,484 shares during the period. 99.54% of the stock is currently owned by institutional investors.
CyrusOne Inc (NASDAQ:CONE) traded up $0.57 during trading hours on Wednesday, hitting $52.57. The stock had a trading volume of 1,476,890 shares, compared to its average volume of 1,379,918. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $5,060.00, a PE ratio of -54.78, a PEG ratio of 0.92 and a beta of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.46 dividend. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, March 28th. This represents a $1.84 annualized dividend and a yield of 3.50%. CyrusOne’s payout ratio is presently -175.00%.
Several research firms have recently commented on CONE. Morgan Stanley upped their price target on shares of CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. ValuEngine lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. CyrusOne has a consensus rating of “Buy” and a consensus price target of $66.62.
In other news, insider Kevin L. Timmons sold 11,465 shares of the company’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 transaction of $566,256.35. Following the sale, the insider now owns 177,843 shares in the company, valued at approximately $8,783,665.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
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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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