Raymond James & Associates lessened its stake in CyrusOne Inc (NASDAQ:CONE) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 810,555 shares of the real estate investment trust’s stock after selling 127,780 shares during the period. Raymond James & Associates owned 0.89% of CyrusOne worth $48,252,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in CyrusOne in the 4th quarter worth about $127,000. Pitcairn Co. purchased a new position in CyrusOne during the 4th quarter valued at about $203,000. Buckley Wealth Management LLC purchased a new position in CyrusOne during the 4th quarter valued at about $207,000. Cipher Capital LP purchased a new position in CyrusOne during the 3rd quarter valued at about $221,000. Finally, Timber Hill LLC purchased a new position in CyrusOne during the 3rd quarter valued at about $224,000. 99.54% of the stock is currently owned by institutional investors.
In other news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the sale, the insider now directly owns 177,843 shares in the company, valued at approximately $8,783,665.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.64% of the stock is currently owned by company insiders.
CONE has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of CyrusOne from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Credit Suisse Group set a $73.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Morgan Stanley raised their target price on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.62.
Shares of CyrusOne Inc (NASDAQ CONE) opened at $52.00 on Wednesday. CyrusOne Inc has a 1-year low of $43.49 and a 1-year high of $65.73. The firm has a market cap of $4,904.34, a PE ratio of -54.74, a PEG ratio of 0.92 and a beta of 0.83. 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 also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.46 dividend. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, March 28th. CyrusOne’s dividend payout ratio (DPR) is currently -176.84%.
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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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