Heitman Real Estate Securities LLC increased its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 44.5% during the fourth quarter, HoldingsChannel reports. The firm owned 557,371 shares of the real estate investment trust’s stock after buying an additional 171,762 shares during the period. CyrusOne accounts for 1.9% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 19th largest position. Heitman Real Estate Securities LLC’s holdings in CyrusOne were worth $33,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in CyrusOne during the 4th quarter worth about $127,000. Pitcairn Co. purchased a new stake in CyrusOne during the 4th quarter worth about $203,000. Buckley Wealth Management LLC purchased a new stake in CyrusOne during the 4th quarter worth about $207,000. Cipher Capital LP purchased a new stake in CyrusOne during the 3rd quarter worth about $221,000. Finally, Timber Hill LLC purchased a new stake in CyrusOne during the 3rd quarter worth about $224,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of CyrusOne Inc (NASDAQ CONE) opened at $49.66 on Friday. CyrusOne Inc has a 1-year low of $43.49 and a 1-year high of $65.73. The firm has a market capitalization of $4,773.62, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.30.
CONE has been the topic of a number of recent research reports. Zacks Investment Research cut CyrusOne from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BidaskClub cut CyrusOne from a “sell” rating to a “strong sell” rating in a report on Saturday, January 20th. ValuEngine cut CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Credit Suisse Group set a $73.00 price target on CyrusOne and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Morgan Stanley raised their price target on CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.62.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total value of $566,256.35. Following the sale, the insider now owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.64% of the company’s stock.
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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