Vaughan Nelson Investment Management L.P. lifted its holdings in CyrusOne Inc (NASDAQ:CONE) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 809,005 shares of the real estate investment trust’s stock after purchasing an additional 96,970 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.76% of CyrusOne worth $51,291,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of CyrusOne by 6.3% during the 1st quarter. Principal Financial Group Inc. now owns 411,372 shares of the real estate investment trust’s stock worth $21,066,000 after purchasing an additional 24,256 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of CyrusOne by 28.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,681 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 3,000 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of CyrusOne by 599.2% during the 2nd quarter. Bank of Montreal Can now owns 289,075 shares of the real estate investment trust’s stock worth $16,870,000 after purchasing an additional 247,729 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of CyrusOne during the 2nd quarter worth $253,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of CyrusOne by 43.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 46,035 shares of the real estate investment trust’s stock worth $2,687,000 after purchasing an additional 13,886 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.
CyrusOne stock opened at $52.93 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64. CyrusOne Inc has a one year low of $43.49 and a one year high of $69.01. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio is presently 58.97%.
A number of equities research analysts recently weighed in on CONE shares. Zacks Investment Research cut CyrusOne from a “hold” rating to a “strong sell” rating in a research note on Monday, October 8th. Wells Fargo & Co set a $66.00 price objective on CyrusOne and gave the stock a “buy” rating in a research note on Thursday, October 18th. Jefferies Financial Group upped their price objective on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Berenberg Bank started coverage on CyrusOne in a research note on Thursday, September 20th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus set a $72.00 price objective on CyrusOne and gave the stock a “buy” rating in a research note on Friday, August 3rd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.43.
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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 200 Fortune 1000 companies.
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