BB&T Securities LLC raised its stake in CyrusOne Inc (NASDAQ:CONE) by 53.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,746 shares of the real estate investment trust’s stock after acquiring an additional 5,835 shares during the quarter. BB&T Securities LLC’s holdings in CyrusOne were worth $986,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,850 shares during the period. Almanack Investment Partners LLC. acquired a new position in CyrusOne in the second quarter valued at approximately $124,000. Public Employees Retirement Association of Colorado lifted its holdings in CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 751 shares during the period. 98.50% of the stock is owned by institutional investors.
Shares of CyrusOne Inc (CONE) opened at $60.45 on Friday. The company has a market capitalization of $5,467.58, a P/E ratio of 20.23, a PEG ratio of 1.07 and a beta of 0.79. CyrusOne Inc has a 12-month low of $43.57 and a 12-month high of $65.73. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, December 28th. CyrusOne’s payout ratio is -173.19%.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is currently owned by insiders.
A number of research analysts have issued reports on the company. KeyCorp reissued a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Morgan Stanley boosted their price target on CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Thursday, September 14th. Deutsche Bank reissued a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a report on Friday, November 10th. Finally, Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. CyrusOne presently has an average rating of “Buy” and an average target price of $64.15.
CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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