Crestline Management LP purchased a new stake in shares of CyrusOne Inc (NASDAQ:CONE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,000 shares of the real estate investment trust’s stock, valued at approximately $4,167,000. CyrusOne accounts for approximately 0.4% of Crestline Management LP’s portfolio, making the stock its 19th largest holding. Crestline Management LP owned approximately 0.08% of CyrusOne as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CONE. Bronfman E.L. Rothschild L.P. lifted its stake in shares of CyrusOne by 81.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,012 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 2,246 shares during the period. Stifel Financial Corp lifted its stake in shares of CyrusOne by 7.5% in the third quarter. Stifel Financial Corp now owns 52,245 shares of the real estate investment trust’s stock valued at $3,077,000 after buying an additional 3,636 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of CyrusOne by 291.1% in the third quarter. ETRADE Capital Management LLC now owns 26,334 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 19,601 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CyrusOne by 16.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,318 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 1,923 shares during the period. Finally, American International Group Inc. lifted its stake in shares of CyrusOne by 16.7% in the third quarter. American International Group Inc. now owns 186,764 shares of the real estate investment trust’s stock valued at $11,006,000 after buying an additional 26,730 shares during the period. Institutional investors own 99.54% of the company’s stock.
Several research firms recently weighed in on CONE. Jefferies Group reiterated a “buy” rating and issued a $67.00 target price on shares of CyrusOne in a research note on Tuesday, February 27th. Credit Suisse Group reiterated a “buy” rating and issued a $73.00 target price on shares of CyrusOne in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. BidaskClub cut shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, Guggenheim set a $65.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and a consensus target price of $66.62.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.46 per share. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, March 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.51%. CyrusOne’s dividend payout ratio (DPR) is currently -176.84%.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the transaction, the insider now owns 177,843 shares in the company, valued at $8,783,665.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.64% of the stock is owned by company insiders.
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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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