Retirement Systems of Alabama boosted its holdings in CyrusOne Inc (NASDAQ:CONE) by 5.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 245,247 shares of the real estate investment trust’s stock after purchasing an additional 13,755 shares during the quarter. Retirement Systems of Alabama’s holdings in CyrusOne were worth $14,600,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CONE. IFP Advisors Inc grew its holdings in shares of CyrusOne by 232.6% during the third 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 last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,850 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of CyrusOne during the fourth quarter worth about $127,000. PNC Financial Services Group Inc. grew its holdings in shares of CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 751 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new position in shares of CyrusOne during the third quarter worth about $202,000. 96.92% of the stock is currently owned by hedge funds and other institutional investors.
CONE has been the topic of several research reports. Cowen reaffirmed a “buy” rating and set a $78.00 price objective on shares of CyrusOne in a report on Wednesday, November 1st. UBS Group reaffirmed a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of CyrusOne in a report on Wednesday, November 1st. Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. Deutsche Bank reaffirmed a “buy” rating and set a $71.00 price objective on shares of CyrusOne in a report on Friday, November 10th. Finally, Morgan Stanley raised their price objective on CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and an average target price of $66.92.
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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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