On the 30th of September, Cohen & Steers Inc. bought 8.1 million CyrusOne Inc (NASDAQ:) shares for $564 million at an average price of $70.03 per share.
Shares of CyrusOne Inc are up 14.32% since the transaction.
Cohen & Steers Inc.’s holding in CyrusOne Inc increased to about 13 million shares with the purchase.
Cohen & Steers Inc. first bought CyrusOne Inc stock in the second quarter of 2014.
Cohen & Steers Inc. also owns American Tower Corp (NYSE:), Crown Castle International (NYSE:), SBA Communications Corporation (NASDAQ:) and Verizon (NYSE:).
CyrusOne Inc is its number two position by number of shares and market value among telephone stocks.
Other investors who also added to their CyrusOne Inc shares include Bahl & Gaynor, California State Teachers Retirement System, and Davis Selected Advisers.
Contrary to Cohen & Steers Inc., Fisher Asset Management, Fort Washington Investment Advisors, and Millennium Management reduced CONE shares, while Squarepoint Ops sold all their CONE shares.
Cohen & Steers Inc. also reduced their share in Empire State Realty Trust, Inc. (NYSE:).
The total value of the shares sold is estimated at around $318 million.
In addition, Cohen & Steers Inc. added to their share in Duke Realty Corp (NYSE:).
The total value of the shares bought is estimated at around $213 million.
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