LDR Capital Management LLC bought a new position in CyrusOne Inc (NASDAQ:CONE) in the fourth quarter, HoldingsChannel reports. The firm bought 135,095 shares of the real estate investment trust’s stock, valued at approximately $8,042,000. CyrusOne accounts for 7.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of CyrusOne by 3,032.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,850 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of CyrusOne during the 4th quarter worth about $127,000. PNC Financial Services Group Inc. boosted its stake in shares of CyrusOne by 32.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 751 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of CyrusOne during the 3rd quarter worth about $202,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CONE. UBS Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Barclays restated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research note on Friday, January 19th. BidaskClub upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Cowen restated a “buy” rating and set a $78.00 price objective on shares of CyrusOne in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.92.

Shares of CyrusOne Inc (CONE) opened at $53.62 on Friday. CyrusOne Inc has a one year low of $46.41 and a one year high of $65.73. The stock has a market cap of $4,895.99, a PE ratio of -55.28, a P/E/G ratio of 0.86 and a beta of 0.70. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.

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CyrusOne 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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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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