Eagle Asset Management Inc. Boosts Stock Position in Crown Castle International Corp. (REIT) (NYSE:CCI)

Eagle Asset Management Inc. lifted its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 733,985 shares of the real estate investment trust’s stock after purchasing an additional 6,371 shares during the quarter. Eagle Asset Management Inc. owned 0.17% of Crown Castle International worth $143,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCI. Red Door Wealth Management LLC purchased a new position in shares of Crown Castle International in the 2nd quarter worth about $32,000. Tradition Wealth Management LLC lifted its stake in shares of Crown Castle International by 136.6% in the 1st quarter. Tradition Wealth Management LLC now owns 194 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 112 shares during the last quarter. Clearview Wealth Advisors LLC lifted its stake in shares of Crown Castle International by 50.0% in the 2nd quarter. Clearview Wealth Advisors LLC now owns 168 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 56 shares during the last quarter. Alpha DNA Investment Management LLC lifted its stake in shares of Crown Castle International by 31.7% in the 1st quarter. Alpha DNA Investment Management LLC now owns 245 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. Finally, Baldwin Brothers Inc. MA lifted its stake in shares of Crown Castle International by 51.7% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 220 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.

A number of research analysts have commented on the company. Credit Suisse Group lowered their price target on Crown Castle International from $193.00 to $192.00 and set a “neutral” rating for the company in a research report on Friday, July 23rd. KeyCorp upped their target price on Crown Castle International from $207.00 to $224.00 and gave the stock an “overweight” rating in a report on Monday, July 19th. They noted that the move was a valuation call. Morgan Stanley upped their target price on Crown Castle International from $204.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, September 10th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft upped their target price on Crown Castle International from $195.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, June 11th. Finally, Citigroup downgraded Crown Castle International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Crown Castle International currently has a consensus rating of “Buy” and a consensus price target of $196.55.

Shares of NYSE CCI traded up $0.30 during midday trading on Monday, hitting $188.84. 14,560 shares of the stock traded hands, compared to its average volume of 1,800,353. The firm has a 50-day moving average of $194.90 and a two-hundred day moving average of $186.94. The firm has a market capitalization of $81.62 billion, a P/E ratio of 72.52, a PEG ratio of 1.37 and a beta of 0.37. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.66 and a current ratio of 0.66. Crown Castle International Corp. has a one year low of $146.15 and a one year high of $204.62.

Crown Castle International (NYSE:CCI) last released its quarterly earnings results on Tuesday, July 20th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.08. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Crown Castle International had a return on equity of 12.30% and a net margin of 18.62%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts forecast that Crown Castle International Corp. will post 6.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be issued a $1.33 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $5.32 dividend on an annualized basis and a yield of 2.82%. Crown Castle International’s dividend payout ratio is currently 78.47%.

In other Crown Castle International news, COO Christopher Levendos sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 26th. The stock was sold at an average price of $191.52, for a total transaction of $766,080.00. Following the sale, the chief operating officer now directly owns 8,246 shares of the company’s stock, valued at $1,579,273.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Landis Martin purchased 4,200 shares of the firm’s stock in a transaction on Monday, July 26th. The shares were acquired at an average cost of $191.52 per share, for a total transaction of $804,384.00. Following the completion of the acquisition, the director now owns 141,755 shares of the company’s stock, valued at $27,148,917.60. The disclosure for this purchase can be found here. 0.45% of the stock is currently owned by company insiders.

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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