Liberty Wealth Management LLC raised its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 7,060.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,171 shares of the real estate investment trust’s stock after buying an additional 11,015 shares during the quarter. Liberty Wealth Management LLC’s holdings in CyrusOne were worth $156,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CONE. Bbva USA acquired a new stake in CyrusOne during the second quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC raised its stake in CyrusOne by 94.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 386 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 187 shares in the last quarter. Selective Wealth Management Inc. acquired a new stake in CyrusOne during the second quarter valued at approximately $43,000. Strategic Blueprint LLC acquired a new stake in CyrusOne during the second quarter valued at approximately $97,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CyrusOne during the first quarter valued at approximately $155,000.
CONE opened at $76.20 on Thursday. CyrusOne Inc. has a 12 month low of $61.64 and a 12 month high of $82.69. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market cap of $9.45 billion, a P/E ratio of 19.49, a P/E/G ratio of 0.86 and a beta of 0.40. The stock’s 50 day moving average price is $76.56 and its 200 day moving average price is $74.06.
The company also recently declared a quarterly dividend, which was paid on Friday, October 8th. Shareholders of record on Friday, September 24th were paid a dividend of $0.52 per share. This is a positive change from CyrusOne’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, September 23rd. CyrusOne’s dividend payout ratio (DPR) is presently 53.33%.
CONE has been the topic of several research reports. Barclays upped their price objective on CyrusOne from $77.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 25th. Wells Fargo & Company cut CyrusOne from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $80.00 to $78.00 in a research report on Wednesday. Truist Securities cut CyrusOne from a “buy” rating to a “hold” rating and dropped their price target for the stock from $92.00 to $75.00 in a research report on Thursday, July 29th. Truist cut CyrusOne from a “buy” rating to a “hold” rating and dropped their price target for the stock from $92.00 to $75.00 in a research report on Thursday, July 29th. Finally, Wolfe Research assumed coverage on CyrusOne in a research report on Wednesday. They set a “peer perform” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.85.
CyrusOne, Inc is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers.
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