BlackRock Inc. raised its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,255,632 shares of the real estate investment trust’s stock after purchasing an additional 1,877,882 shares during the period. BlackRock Inc. owned 0.13% of CyrusOne worth $1,258,350,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Commerce Bank purchased a new stake in shares of CyrusOne during the 3rd quarter worth about $230,000. JustInvest LLC raised its stake in shares of CyrusOne by 85.9% during the 3rd quarter. JustInvest LLC now owns 6,798 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 3,142 shares in the last quarter. BNP Paribas Asset Management Holding S.A. raised its stake in shares of CyrusOne by 27.6% during the 3rd quarter. BNP Paribas Asset Management Holding S.A. now owns 12,674 shares of the real estate investment trust’s stock worth $981,000 after purchasing an additional 2,741 shares in the last quarter. Swiss National Bank raised its stake in shares of CyrusOne by 2.0% during the 3rd quarter. Swiss National Bank now owns 270,699 shares of the real estate investment trust’s stock worth $20,955,000 after purchasing an additional 5,200 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of CyrusOne by 25.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,251,766 shares of the real estate investment trust’s stock worth $96,896,000 after purchasing an additional 254,827 shares in the last quarter. 98.21% of the stock is owned by institutional investors.
Shares of CONE stock opened at $89.34 on Friday. The stock has a 50 day moving average of $88.78 and a two-hundred day moving average of $80.66. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.31. CyrusOne Inc. has a 12 month low of $61.64 and a 12 month high of $90.35. The company has a market capitalization of $11.34 billion, a P/E ratio of 217.91, a P/E/G ratio of 0.96 and a beta of 0.39.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Monday, January 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.33%. CyrusOne’s dividend payout ratio is currently 507.33%.
A number of brokerages have recently commented on CONE. BMO Capital Markets lowered CyrusOne from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $90.00 to $90.50 in a report on Monday, November 15th. Moffett Nathanson increased their price objective on CyrusOne from $71.00 to $90.50 and gave the company a “neutral” rating in a report on Monday, November 15th. Jefferies Financial Group reissued a “buy” rating on shares of CyrusOne in a report on Tuesday, November 30th. Cowen lowered CyrusOne from an “outperform” rating to a “market perform” rating in a report on Monday, November 15th. Finally, Barclays increased their price objective on CyrusOne from $78.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, October 28th. Seventeen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, CyrusOne presently has a consensus rating of “Hold” and a consensus target price of $87.11.
CyrusOne, Inc is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers.
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