RMB Capital Management LLC boosted its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,588 shares of the real estate investment trust’s stock after purchasing an additional 10,895 shares during the quarter. RMB Capital Management LLC owned approximately 0.05% of CyrusOne worth $2,993,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Pearl River Capital LLC purchased a new position in CyrusOne during the fourth quarter worth approximately $27,000. Proficio Capital Partners LLC lifted its position in shares of CyrusOne by 59.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,098 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 409 shares in the last quarter. Bremer Trust National Association purchased a new position in shares of CyrusOne in the fourth quarter valued at approximately $84,000. Point72 Hong Kong Ltd purchased a new position in shares of CyrusOne in the third quarter valued at approximately $158,000. Finally, Csenge Advisory Group purchased a new position in shares of CyrusOne in the third quarter valued at approximately $167,000. Institutional investors own 98.04% of the company’s stock.
NASDAQ:CONE opened at $51.83 on Friday. CyrusOne Inc has a one year low of $48.61 and a one year high of $69.01. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $5.68 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.15 and a beta of 0.86.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.55%. CyrusOne’s dividend payout ratio is presently 55.59%.
CONE has been the topic of several research reports. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 18th. Stifel Nicolaus set a $62.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Friday, February 22nd. Bank of America downgraded CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 target price on the stock. in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. Finally, BMO Capital Markets decreased their target price on CyrusOne to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $62.24.
In related news, CEO Gary J. Wojtaszek purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average price of $49.86 per share, with a total value of $199,440.00. Following the completion of the acquisition, the chief executive officer now owns 396,534 shares in the company, valued at $19,771,185.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Klayko purchased 1,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $51.10 per share, with a total value of $99,900.50. Following the acquisition, the director now owns 12,016 shares of the company’s stock, valued at approximately $614,017.60. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.
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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 208 Fortune 1000 companies.
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