Qube Research & Technologies Ltd purchased a new position in CyrusOne Inc (NASDAQ:CONE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,834 shares of the real estate investment trust’s stock, valued at approximately $282,000.

A number of other hedge funds have also made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in CyrusOne during the second quarter valued at $1,561,000. Segall Bryant & Hamill LLC purchased a new position in CyrusOne during the second quarter valued at $2,486,000. Retirement Systems of Alabama lifted its position in CyrusOne by 1.4% during the second quarter. Retirement Systems of Alabama now owns 296,942 shares of the real estate investment trust’s stock valued at $17,330,000 after buying an additional 4,022 shares during the period. Schwab Charles Investment Management Inc. lifted its position in CyrusOne by 10.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 578,623 shares of the real estate investment trust’s stock valued at $33,769,000 after buying an additional 56,516 shares during the period. Finally, Teachers Insurance & Annuity Association of America lifted its position in CyrusOne by 7.1% during the second quarter. Teachers Insurance & Annuity Association of America now owns 126,245 shares of the real estate investment trust’s stock valued at $7,368,000 after buying an additional 8,354 shares during the period. 98.10% of the stock is owned by institutional investors.

In other news, EVP Robert M. Jackson sold 1,514 shares of the firm’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $60.00, for a total transaction of $90,840.00. Following the completion of the transaction, the executive vice president now directly owns 29,799 shares in the company, valued at $1,787,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert M. Jackson sold 1,795 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $65.27, for a total value of $117,159.65. Following the transaction, the executive vice president now owns 25,497 shares of the company’s stock, valued at $1,664,189.19. The disclosure for this sale can be found here. Insiders have sold 25,683 shares of company stock valued at $1,693,037 over the last 90 days. Corporate insiders own 1.64% of the company’s stock.

Shares of NASDAQ:CONE opened at $68.63 on Friday. CyrusOne Inc has a 1-year low of $43.49 and a 1-year high of $68.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.20. The firm has a market cap of $6.67 billion, a PE ratio of 20.44, a P/E/G ratio of 1.24 and a beta of 0.82.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.78. CyrusOne had a return on equity of 5.65% and a net margin of 12.96%. The firm had revenue of $196.90 million during the quarter, compared to the consensus estimate of $199.33 million. During the same period last year, the company earned $0.77 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. sell-side analysts predict that CyrusOne Inc will post 3.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.68%. CyrusOne’s payout ratio is presently 58.97%.

Several brokerages have commented on CONE. ValuEngine raised CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on CyrusOne from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. BMO Capital Markets set a $74.00 price objective on CyrusOne and gave the company a “buy” rating in a research report on Monday, August 27th. Finally, Royal Bank of Canada raised their price objective on CyrusOne to $73.00 and gave the company a “market perform” rating in a research report on Tuesday, August 7th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $70.13.

About CyrusOne

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.

Featured Story: Short Selling Stocks, A Beginner’s Guide

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).

Institutional Ownership by Quarter for CyrusOne (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.