CIBC Private Wealth Group LLC Acquires 2,112 Shares of CyrusOne Inc (CONE)

CIBC Private Wealth Group LLC raised its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,512,154 shares of the real estate investment trust’s stock after purchasing an additional 2,112 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 1.43% of CyrusOne worth $79,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of CyrusOne by 8.8% in the third quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock worth $953,281,000 after purchasing an additional 1,213,820 shares during the last quarter. BlackRock Inc. grew its position in CyrusOne by 33.3% during the third quarter. BlackRock Inc. now owns 12,386,690 shares of the real estate investment trust’s stock valued at $785,315,000 after acquiring an additional 3,097,539 shares during the last quarter. Cohen & Steers Inc. grew its position in CyrusOne by 52.5% during the third quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock valued at $708,593,000 after acquiring an additional 3,846,356 shares during the last quarter. Daiwa Securities Group Inc. grew its position in CyrusOne by 664.8% during the third quarter. Daiwa Securities Group Inc. now owns 2,469,880 shares of the real estate investment trust’s stock valued at $156,590,000 after acquiring an additional 2,146,941 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in CyrusOne by 15.4% during the third quarter. Janus Henderson Group PLC now owns 2,059,062 shares of the real estate investment trust’s stock valued at $130,575,000 after acquiring an additional 274,885 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

CONE has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of CyrusOne to an “in-line” rating in a research report on Monday, December 17th. Wells Fargo & Co set a $66.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Thursday, October 18th. Bank of America cut shares of CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 price target on the stock. in a research report on Wednesday, January 2nd. Cowen reduced their price target on shares of CyrusOne from $79.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “buy” rating and set a $74.00 price target on shares of CyrusOne in a research report on Tuesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CyrusOne presently has a consensus rating of “Buy” and an average price target of $66.38.

CONE opened at $54.46 on Monday. CyrusOne Inc has a 1 year low of $43.49 and a 1 year high of $69.01. The stock has a market capitalization of $5.76 billion, a PE ratio of 17.46, a P/E/G ratio of 0.84 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.22.

TRADEMARK VIOLATION NOTICE: “CIBC Private Wealth Group LLC Acquires 2,112 Shares of CyrusOne Inc (CONE)” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2019/02/11/cibc-private-wealth-group-llc-acquires-2112-shares-of-cyrusone-inc-cone.html.

About CyrusOne

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.

See Also: The benefits and drawbacks of dollar cost averaging

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.

Leave a Reply