Amundi Asset Management US Inc. Grows Position in Crown Castle International Corp. (REIT) (NYSE:CCI)

Amundi Asset Management US Inc. increased its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 903,947 shares of the real estate investment trust’s stock after buying an additional 195,725 shares during the period. Amundi Asset Management US Inc. owned about 0.21% of Crown Castle International worth $155,597,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. M&G Investment Management Ltd. increased its stake in Crown Castle International by 14.5% in the first quarter. M&G Investment Management Ltd. now owns 807,987 shares of the real estate investment trust’s stock valued at $138,974,000 after purchasing an additional 102,514 shares during the last quarter. Cbre Clarion Securities LLC increased its stake in Crown Castle International by 17.7% in the first quarter. Cbre Clarion Securities LLC now owns 1,038,454 shares of the real estate investment trust’s stock valued at $178,749,000 after purchasing an additional 155,841 shares during the last quarter. Mader & Shannon Wealth Management Inc. purchased a new position in Crown Castle International in the first quarter valued at approximately $6,235,000. Cushing Asset Management LP increased its stake in Crown Castle International by 29.6% in the first quarter. Cushing Asset Management LP now owns 40,936 shares of the real estate investment trust’s stock valued at $7,046,000 after purchasing an additional 9,350 shares during the last quarter. Finally, Swiss National Bank increased its stake in Crown Castle International by 1.7% in the first quarter. Swiss National Bank now owns 2,101,471 shares of the real estate investment trust’s stock valued at $361,726,000 after purchasing an additional 34,800 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

In other news, VP Robert Sean Collins sold 700 shares of the firm’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $188.67, for a total value of $132,069.00. Following the completion of the transaction, the vice president now owns 6,299 shares in the company, valued at $1,188,432.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kevin A. Stephens purchased 310 shares of the company’s stock in a transaction dated Friday, May 14th. The stock was purchased at an average price of $181.53 per share, with a total value of $56,274.30. Following the transaction, the director now owns 5,487 shares of the company’s stock, valued at $996,055.11. The disclosure for this purchase can be found here. Corporate insiders own 0.45% of the company’s stock.

Several brokerages have commented on CCI. Oppenheimer increased their price target on shares of Crown Castle International from $170.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Raymond James reissued a “market perform” rating on shares of Crown Castle International in a report on Monday, May 10th. Jefferies Financial Group initiated coverage on Crown Castle International in a report on Monday, April 12th. They issued a “buy” rating and a $205.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Crown Castle International from $189.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Finally, Citigroup downgraded Crown Castle International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 13th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $189.54.

NYSE:CCI opened at $201.10 on Thursday. The business has a fifty day simple moving average of $194.68. The stock has a market capitalization of $86.91 billion, a PE ratio of 89.78, a price-to-earnings-growth ratio of 1.49 and a beta of 0.37. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.61 and a quick ratio of 0.61. Crown Castle International Corp. has a 1 year low of $146.15 and a 1 year high of $204.62.

Crown Castle International (NYSE:CCI) last released its quarterly earnings data on Tuesday, July 20th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.08. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Crown Castle International had a return on equity of 10.52% and a net margin of 16.80%. Crown Castle International’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Sell-side analysts anticipate that Crown Castle International Corp. will post 6.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Monday, June 14th were given a $1.33 dividend. This represents a $5.32 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Friday, June 11th. Crown Castle International’s payout ratio is 78.47%.

Crown Castle International Company Profile

Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

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Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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