Westfield Capital Management Co. LP grew its position in CyrusOne Inc (NASDAQ:CONE) by 58.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 474,468 shares of the real estate investment trust’s stock after purchasing an additional 175,753 shares during the quarter. Westfield Capital Management Co. LP’s holdings in CyrusOne were worth $27,386,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in shares of CyrusOne by 190.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 353 shares during the last quarter. Tortoise Index Solutions LLC bought a new stake in shares of CyrusOne during the first quarter valued at approximately $40,000. Nvwm LLC raised its stake in shares of CyrusOne by 69.6% during the first quarter. Nvwm LLC now owns 916 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 376 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of CyrusOne during the first quarter valued at approximately $60,000. Finally, Pearl River Capital LLC purchased a new stake in shares of CyrusOne in the second quarter valued at approximately $94,000.
CONE traded up $1.39 on Wednesday, hitting $74.12. The company had a trading volume of 14,628 shares, compared to its average volume of 1,048,732. The stock has a fifty day moving average price of $66.71 and a 200-day moving average price of $59.42. CyrusOne Inc has a 12-month low of $48.94 and a 12-month high of $75.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.38 and a beta of 0.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from CyrusOne’s previous quarterly dividend of $0.46. CyrusOne’s payout ratio is presently 55.59%.
Several research analysts recently issued reports on CONE shares. Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a research note on Friday, August 16th. UBS Group lowered CyrusOne from a “buy” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $62.00 in a research report on Thursday, June 13th. BMO Capital Markets reiterated a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a report on Monday, August 5th. ValuEngine raised CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, Deutsche Bank upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price target for the company in a report on Friday, May 17th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. CyrusOne currently has an average rating of “Buy” and a consensus target price of $67.18.
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 approximately 1,000 customers, including 212 Fortune 1000 companies.
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