Zevin Asset Management LLC grew its position in CyrusOne Inc (NASDAQ:CONE) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,439 shares of the real estate investment trust’s stock after acquiring an additional 385 shares during the quarter. Zevin Asset Management LLC’s holdings in CyrusOne were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its position in CyrusOne by 190.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 353 shares during the period. Meeder Asset Management Inc. increased its holdings in CyrusOne by 4,750.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 570 shares in the last quarter. Howe & Rusling Inc. increased its holdings in CyrusOne by 36.4% in the 3rd quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 200 shares in the last quarter. Strategic Blueprint LLC acquired a new stake in CyrusOne in the 3rd quarter valued at $86,000. Finally, Pearl River Capital LLC acquired a new stake in CyrusOne in the 2nd quarter valued at $94,000. 99.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of CyrusOne stock traded down $0.47 during trading hours on Friday, hitting $65.60. 1,860,300 shares of the company’s stock traded hands, compared to its average volume of 1,035,154. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.21. The company has a market cap of $7.82 billion, a PE ratio of 19.82, a PEG ratio of 1.28 and a beta of 0.49. CyrusOne Inc has a twelve month low of $48.94 and a twelve month high of $79.73. The stock has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $65.83.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Tuesday, December 31st. CyrusOne’s dividend payout ratio (DPR) is currently 60.42%.
In related news, CAO Mark Skomal sold 1,083 shares of CyrusOne stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $68.47, for a total value of $74,153.01. Following the completion of the sale, the chief accounting officer now owns 5,515 shares of the company’s stock, valued at approximately $377,612.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin L. Timmons sold 24,000 shares of CyrusOne stock in a transaction on Monday, November 4th. The shares were sold at an average price of $70.53, for a total transaction of $1,692,720.00. Following the completion of the sale, the executive vice president now directly owns 101,583 shares of the company’s stock, valued at approximately $7,164,648.99. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Several brokerages recently issued reports on CONE. BMO Capital Markets reiterated a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Monday, August 5th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a report on Wednesday, July 31st. UBS Group raised their target price on CyrusOne from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Credit Suisse Group set a $68.00 target price on CyrusOne and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Cowen downgraded CyrusOne from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. CyrusOne presently has an average rating of “Hold” and an average price target of $72.81.
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 212 Fortune 1000 companies.
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