CyrusOne Inc (NASDAQ:CONE) Shares Sold by Pendal Group Ltd
Pendal Group Ltd cut its position in CyrusOne Inc (NASDAQ:CONE) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,200 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Pendal Group Ltd’s holdings in CyrusOne were worth $1,166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new stake in CyrusOne during the 1st quarter worth approximately $15,665,000. BlackRock Inc. lifted its position in CyrusOne by 2.2% during the 1st quarter. BlackRock Inc. now owns 13,697,485 shares of the real estate investment trust’s stock worth $718,297,000 after acquiring an additional 297,154 shares during the period. Daiwa Securities Group Inc. lifted its position in CyrusOne by 9.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,766,080 shares of the real estate investment trust’s stock worth $145,053,000 after acquiring an additional 227,796 shares during the period. Strs Ohio lifted its position in CyrusOne by 95.0% during the 2nd quarter. Strs Ohio now owns 421,129 shares of the real estate investment trust’s stock worth $24,307,000 after acquiring an additional 205,141 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in CyrusOne during the 1st quarter worth approximately $10,485,000. 98.04% of the stock is owned by hedge funds and other institutional investors.
Shares of CONE traded up $0.39 during mid-day trading on Friday, hitting $65.10. The company’s stock had a trading volume of 5,975 shares, compared to its average volume of 1,053,868. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $60.01 and a 200 day simple moving average of $57.32. The firm has a market capitalization of $7.36 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.21 and a beta of 0.65. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $69.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.50 dividend. This is a boost from CyrusOne’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, September 26th. CyrusOne’s dividend payout ratio (DPR) is currently 55.59%.
A number of analysts have weighed in on CONE shares. ValuEngine cut CyrusOne from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, August 5th. Deutsche Bank raised CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price objective for the company in a research report on Friday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $66.00 price objective on shares of CyrusOne in a research report on Monday, August 5th. Finally, Royal Bank of Canada increased their price objective on CyrusOne to $68.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $65.18.
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 212 Fortune 1000 companies.
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