Amalgamated Bank grew its stake in CyrusOne Inc (NASDAQ:CONE) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,875 shares of the real estate investment trust’s stock after buying an additional 1,654 shares during the period. Amalgamated Bank’s holdings in CyrusOne were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new stake in CyrusOne in the fourth quarter valued at approximately $127,000. Buckley Wealth Management LLC acquired a new stake in CyrusOne in the fourth quarter valued at approximately $207,000. Cipher Capital LP acquired a new stake in CyrusOne in the third quarter valued at approximately $221,000. Timber Hill LLC acquired a new stake in CyrusOne in the third quarter valued at approximately $224,000. Finally, CIBC World Markets Inc. acquired a new stake in CyrusOne in the fourth quarter valued at approximately $248,000. 99.54% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on CONE. Barclays reissued a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Friday, January 19th. BidaskClub raised CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Credit Suisse Group set a $73.00 price objective on CyrusOne and gave the company a “buy” rating in a research note on Wednesday, January 17th. Guggenheim set a $65.00 price objective on CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, ValuEngine cut CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.62.
CyrusOne Inc (CONE) opened at $52.00 on Wednesday. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5,140.00, a P/E ratio of -54.17, a PEG ratio of 0.89 and a beta of 0.83.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Wednesday, March 28th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s dividend payout ratio (DPR) is currently -175.00%.
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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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