Crestline Management LP acquired a new position in shares of CyrusOne Inc (NASDAQ:CONE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 70,000 shares of the real estate investment trust’s stock, valued at approximately $4,167,000. CyrusOne makes up approximately 0.4% of Crestline Management LP’s portfolio, making the stock its 19th largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of CyrusOne during the fourth quarter worth approximately $127,000. Pitcairn Co. acquired a new stake in shares of CyrusOne during the fourth quarter worth approximately $203,000. Buckley Wealth Management LLC acquired a new stake in shares of CyrusOne during the fourth quarter worth approximately $207,000. Cipher Capital LP acquired a new stake in shares of CyrusOne during the third quarter worth approximately $221,000. Finally, Timber Hill LLC acquired a new stake in shares of CyrusOne during the third quarter worth approximately $224,000. 99.54% of the stock is owned by institutional investors.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.64% of the stock is currently owned by company insiders.
Shares of CyrusOne Inc (NASDAQ CONE) traded up $0.45 during trading on Wednesday, hitting $52.45. 47,777 shares of the company were exchanged, compared to its average volume of 1,350,471. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The firm has a market capitalization of $4,904.34, a price-to-earnings ratio of -54.74, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.51%. CyrusOne’s dividend payout ratio (DPR) is presently -176.84%.
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CyrusOne Company Profile
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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