Vaughan Nelson Investment Management L.P. grew its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 894,305 shares of the real estate investment trust’s stock after purchasing an additional 85,300 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in CyrusOne were worth $47,291,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of CONE. Public Employees Retirement System of Ohio increased its holdings in shares of CyrusOne by 29.1% during the second quarter. Public Employees Retirement System of Ohio now owns 40,697 shares of the real estate investment trust’s stock valued at $2,375,000 after purchasing an additional 9,169 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CyrusOne by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,388,800 shares of the real estate investment trust’s stock valued at $81,050,000 after purchasing an additional 9,327 shares during the period. Northern Trust Corp increased its holdings in shares of CyrusOne by 1.2% during the second quarter. Northern Trust Corp now owns 771,630 shares of the real estate investment trust’s stock valued at $45,033,000 after purchasing an additional 9,343 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of CyrusOne during the third quarter valued at $323,000. Finally, Clinton Group Inc. acquired a new position in shares of CyrusOne during the third quarter valued at $713,000. 98.04% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on CONE. BidaskClub lowered CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $74.00 target price on shares of CyrusOne in a report on Tuesday, October 30th. Morgan Stanley raised CyrusOne to an “in-line” rating in a report on Monday, December 17th. Stifel Nicolaus set a $70.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research lowered CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.38.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($1.23). The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.33 million. CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. On average, research analysts predict that CyrusOne Inc will post 3.26 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4116089/cyrusone-inc-cone-shares-bought-by-vaughan-nelson-investment-management-l-p.html.
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 208 Fortune 1000 companies.
Recommended Story: Marijuana Stocks Investing Considerations
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).
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.