SG Americas Securities LLC increased its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 63.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,701 shares of the real estate investment trust’s stock after purchasing an additional 13,428 shares during the quarter. SG Americas Securities LLC’s holdings in CyrusOne were worth $2,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its stake in shares of CyrusOne by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 126,093 shares of the real estate investment trust’s stock worth $6,457,000 after purchasing an additional 953 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of CyrusOne by 11.5% during the 2nd quarter. Janney Capital Management LLC now owns 9,692 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 997 shares during the last quarter. Amalgamated Bank lifted its stake in shares of CyrusOne by 5.8% during the 1st quarter. Amalgamated Bank now owns 19,964 shares of the real estate investment trust’s stock worth $1,022,000 after purchasing an additional 1,089 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of CyrusOne by 6.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the real estate investment trust’s stock worth $1,564,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Winfield Associates Inc. lifted its stake in shares of CyrusOne by 9.3% during the 2nd quarter. Winfield Associates Inc. now owns 23,470 shares of the real estate investment trust’s stock worth $1,370,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

CyrusOne stock opened at $67.54 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 1.00. CyrusOne Inc has a one year low of $43.49 and a one year high of $68.25. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 27th. CyrusOne’s dividend payout ratio is presently 58.97%.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 7th. BMO Capital Markets set a $74.00 price target on CyrusOne and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada increased their price target on CyrusOne to $73.00 and gave the company a “market perform” rating in a research note on Tuesday, August 7th. Jefferies Financial Group increased their price target on CyrusOne from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, MED increased their price target on CyrusOne from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.13.

In other news, EVP Robert M. Jackson sold 1,795 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $65.27, for a total value of $117,159.65. Following the transaction, the executive vice president now directly owns 25,497 shares of the company’s stock, valued at $1,664,189.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary J. Wojtaszek sold 10,000 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $66.50, for a total value of $665,000.00. Following the completion of the transaction, the insider now directly owns 519,936 shares in the company, valued at $34,575,744. The disclosure for this sale can be found here. Insiders sold 25,683 shares of company stock worth $1,693,037 over the last three months. Corporate insiders own 1.40% of the company’s stock.

CyrusOne Profile

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.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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