Teachers Insurance & Annuity Association of America grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 98,521 shares of the real estate investment trust’s stock after acquiring an additional 12,093 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.11% of CyrusOne worth $5,865,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of CyrusOne in the fourth quarter worth $127,000. Pitcairn Co. acquired a new position in shares of CyrusOne in the fourth quarter worth $203,000. Buckley Wealth Management LLC acquired a new position in shares of CyrusOne in the fourth quarter worth $207,000. Cipher Capital LP acquired a new position in shares of CyrusOne in the third quarter worth $221,000. Finally, Timber Hill LLC acquired a new position in shares of CyrusOne in the third quarter worth $224,000. Institutional investors own 99.54% of the company’s stock.
In related news, insider Kevin L. Timmons sold 11,465 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the completion of the transaction, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.64% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s dividend payout ratio is -176.84%.
CONE has been the topic of a number of research reports. BidaskClub raised shares of CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Barclays reaffirmed a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research note on Friday, January 19th. Zacks Investment Research downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $73.00 price objective on shares of CyrusOne in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. CyrusOne has a consensus rating of “Buy” and an average target price of $66.62.
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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