Crossmark Global Holdings Inc. lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,720 shares of the real estate investment trust’s stock after acquiring an additional 3,270 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CyrusOne were worth $673,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of CyrusOne by 95.8% during the 3rd quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 970 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in CyrusOne in the 3rd quarter valued at approximately $158,000. Csenge Advisory Group acquired a new position in CyrusOne in the 3rd quarter valued at approximately $167,000. First Hawaiian Bank acquired a new position in CyrusOne in the 3rd quarter valued at approximately $215,000. Finally, Wedbush Securities Inc. raised its holdings in CyrusOne by 17.7% in the 4th quarter. Wedbush Securities Inc. now owns 4,461 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 670 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
CONE has been the subject of several recent research reports. Morgan Stanley raised CyrusOne to an “in-line” rating in a report on Monday, December 17th. Wells Fargo & Co set a $66.00 price target on CyrusOne and gave the company a “buy” rating in a report on Thursday, October 18th. Bank of America cut CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 price target for the company. in a report on Wednesday, January 2nd. Cowen cut their price target on CyrusOne from $79.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, November 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “buy” rating and issued a $74.00 target price on shares of CyrusOne in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and a consensus target price of $66.38.
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.
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