CyrusOne Inc (CONE) Position Raised by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 40.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,512 shares of the real estate investment trust’s stock after purchasing an additional 18,477 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of CyrusOne worth $4,090,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. FDx Advisors Inc. boosted its stake in shares of CyrusOne by 6.3% during the second quarter. FDx Advisors Inc. now owns 13,030 shares of the real estate investment trust’s stock valued at $760,000 after purchasing an additional 778 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of CyrusOne by 5.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,006 shares of the real estate investment trust’s stock valued at $934,000 after purchasing an additional 784 shares during the period. Hilltop Holdings Inc. boosted its stake in shares of CyrusOne by 6.5% during the second quarter. Hilltop Holdings Inc. now owns 13,509 shares of the real estate investment trust’s stock valued at $788,000 after purchasing an additional 827 shares during the period. IFP Advisors Inc boosted its stake in shares of CyrusOne by 95.8% during the third quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 970 shares during the period. Finally, US Bancorp DE boosted its stake in shares of CyrusOne by 3.1% during the third quarter. US Bancorp DE now owns 32,664 shares of the real estate investment trust’s stock valued at $2,070,000 after purchasing an additional 994 shares during the period.
Shares of CyrusOne stock traded down $0.87 during midday trading on Friday, reaching $57.43. 768,978 shares of the company’s stock traded hands, compared to its average volume of 687,498. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.22. The company has a market cap of $6.17 billion, a PE ratio of 18.41, a P/E/G ratio of 1.17 and a beta of 1.05. CyrusOne Inc has a 12 month low of $43.49 and a 12 month high of $69.01.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, January 2nd will be issued a $0.46 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. CyrusOne’s dividend payout ratio (DPR) is 58.97%.
A number of research firms have recently weighed in on CONE. Zacks Investment Research raised CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. BidaskClub upgraded CyrusOne from a “hold” rating to a “buy” rating in a report on Friday. BMO Capital Markets set a $74.00 target price on CyrusOne and gave the company a “buy” rating in a report on Monday, August 27th. ValuEngine downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Stifel Nicolaus set a $70.00 target price on CyrusOne and gave the company a “buy” rating in a report on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. CyrusOne presently has an average rating of “Buy” and an average price target of $67.43.
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CyrusOne Company Profile
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 200 Fortune 1000 companies.
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