ING Groep NV bought a new position in shares of CyrusOne Inc (NASDAQ:CONE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,482 shares of the real estate investment trust’s stock, valued at approximately $378,000.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in CyrusOne during the second quarter worth about $1,561,000. Retirement Systems of Alabama boosted 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 worth $17,330,000 after purchasing an additional 4,022 shares during the period. Segall Bryant & Hamill LLC bought a new position in CyrusOne during the second quarter worth about $2,486,000. Schwab Charles Investment Management Inc. boosted 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 worth $33,769,000 after purchasing an additional 56,516 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in CyrusOne by 8.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 29,870 shares of the real estate investment trust’s stock worth $1,530,000 after purchasing an additional 2,260 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.

In other CyrusOne news, insider Kevin L. Timmons sold 7,374 shares of CyrusOne stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $67.16, for a total transaction of $495,237.84. Following the completion of the sale, the insider now directly owns 179,490 shares in the company, valued at $12,054,548.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Venkatesh S. Durvasula sold 5,000 shares of CyrusOne stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $64.96, for a total transaction of $324,800.00. Following the sale, the insider now owns 227,712 shares of the company’s stock, valued at $14,792,171.52. The disclosure for this sale can be found here. Insiders sold 25,683 shares of company stock valued at $1,693,037 over the last 90 days. 1.64% of the stock is owned by company insiders.

A number of brokerages have weighed in on CONE. BidaskClub lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Credit Suisse Group set a $73.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Jefferies Financial Group increased their target price on shares of CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. MED increased their target price on shares of CyrusOne from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Finally, BMO Capital Markets set a $74.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Monday, August 27th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. CyrusOne presently has an average rating of “Buy” and an average price target of $70.13.

CONE stock opened at $66.73 on Friday. 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 12 month low of $43.49 and a 12 month high of $68.25. The company has a market capitalization of $6.60 billion, a PE ratio of 20.23, a PEG ratio of 1.23 and a beta of 0.82.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.78. CyrusOne had a net margin of 12.96% and a return on equity of 5.65%. The company had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.33 million. During the same period last year, the business earned $0.77 earnings per share. CyrusOne’s revenue was up 18.0% compared to the same quarter last year. equities research analysts predict that CyrusOne Inc will post 3.3 EPS 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 given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.76%. CyrusOne’s dividend payout ratio (DPR) is currently 58.97%.

CyrusOne Company 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.

Read More: Fundamental Analysis and Choosing Stocks

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.