CyrusOne (CONE) is Alpine Woods Capital Investors LLC’s 10th Largest Position
Alpine Woods Capital Investors LLC raised its holdings in CyrusOne (NASDAQ:CONE) by 58.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 432,569 shares of the real estate investment trust’s stock after purchasing an additional 160,000 shares during the period. CyrusOne makes up about 1.2% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 10th largest holding. Alpine Woods Capital Investors LLC owned approximately 0.44% of CyrusOne worth $22,152,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in CyrusOne in the 4th quarter valued at about $127,000. Pitcairn Co. bought a new stake in CyrusOne in the 4th quarter valued at about $203,000. Buckley Wealth Management LLC bought a new stake in CyrusOne in the 4th quarter valued at about $207,000. CIBC World Markets Inc. bought a new stake in CyrusOne in the 4th quarter valued at about $248,000. Finally, LPL Financial LLC bought a new stake in CyrusOne in the 4th quarter valued at about $284,000. 99.94% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on CONE. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a report on Wednesday. BidaskClub cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Moffett Nathanson initiated coverage on shares of CyrusOne in a research report on Monday, April 9th. They issued a “hold” rating and a $58.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating on shares of CyrusOne in a research report on Thursday, March 1st. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. CyrusOne presently has an average rating of “Buy” and an average target price of $67.25.
Shares of CyrusOne opened at $52.03 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $5.29 billion, a PE ratio of 16.68, a PEG ratio of 0.96 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. CyrusOne has a 12 month low of $53.04 and a 12 month high of $53.47.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The company had revenue of $180.50 million for the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%. research analysts expect that CyrusOne will post 3.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors 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 3.54%. The ex-dividend date is Thursday, June 28th. CyrusOne’s dividend payout ratio is 58.97%.
CyrusOne Company Profile
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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