Ascend Capital LLC bought a new stake in shares of CyrusOne Inc (NASDAQ:CONE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 129,689 shares of the real estate investment trust’s stock, valued at approximately $7,720,000.
A number of other large investors have also added to or reduced their stakes in CONE. IFP Advisors Inc grew its stake in CyrusOne by 232.6% during the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in CyrusOne during the 4th quarter valued at about $127,000. Bbva Compass Bancshares Inc. purchased a new position in CyrusOne during the 3rd quarter valued at about $202,000. Buckley Wealth Management LLC purchased a new position in CyrusOne during the 4th quarter valued at about $207,000. Finally, Cipher Capital LP purchased a new position in CyrusOne during the 3rd quarter valued at about $221,000. 99.67% of the stock is currently owned by institutional investors.
CONE has been the topic of several research analyst reports. BidaskClub cut CyrusOne from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 20th. Zacks Investment Research cut CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Credit Suisse Group set a $73.00 target price on CyrusOne and gave the company a “buy” rating in a research note on Wednesday, February 21st. Deutsche Bank reissued a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a research note on Friday, November 10th. Finally, Morgan Stanley boosted their price target on CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.62.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.46 dividend. 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 annualized dividend and a dividend yield of 3.69%. CyrusOne’s payout ratio is presently -175.00%.
WARNING: This article was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/3229680/ascend-capital-llc-buys-new-position-in-cyrusone-inc-cone.html.
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.
Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).
Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.