5 Best Data Center REIT Dividend Stocks to Buy

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In this article, we will be taking a look at the 5 best data center REIT dividend stocks to buy. To read our detailed analysis of dividend investing, you can go directly to see the 10 Best Data Center REIT Dividend Stocks to Buy.

5. CyrusOne Inc. (NASDAQ: CONE)

Number of Hedge Fund Holders: 26
Dividend Yield: 2.58%

CyrusOne Inc. (NASDAQ: CONE), a global REIT, specializes in the design, construction, and operation of over 50 data centers across the globe. It ranks 5th on our list of the best data center REIT dividend stocks to buy, and is based in Dallas, Texas.

Raymond James has an Outperform rating on shares of CyrusOne Inc. (NASDAQ: CONE) as of this July, alongside an $82 price target.

In the second quarter of 2021, CyrusOne Inc. (NASDAQ: CONE) had an FFO of $1, beating estimates by $0.02. The company’s revenue was $284.6 million, up 11% year over year and beating estimates by $8.67 million. CyrusOne Inc. (NASDAQ: CONE) has gained 26.59% in the past 6 months and 15.67% year to date.

By the end of the second quarter of 2021, 26 hedge funds out of the 873 tracked by Insider Monkey held stakes in CyrusOne Inc. (NASDAQ: CONE) worth roughly $487 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $202 million.


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