AMF Pensionsforsakring AB Has $52,077,000 Position in Crown Castle International Corporation (NYSE:CCI)

AMF Pensionsforsakring AB continued to hold its position in shares of Crown Castle International Corporation (NYSE:CCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,372 shares of the real estate investment trust’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned about 0.15% of Crown Castle International Corporation worth $52,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its position in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. First Personal Financial Services boosted its position in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Crown Castle International Corporation during the first quarter valued at about $165,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (CCI) opened at 100.85 on Friday. The company’s 50-day moving average price is $99.86 and its 200 day moving average price is $95.87. The company has a market cap of $40.97 billion, a P/E ratio of 80.49 and a beta of 0.20. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. Crown Castle International Corporation’s payout ratio is currently 304.00%.

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A number of research analysts have recently weighed in on the company. Deutsche Bank AG lifted their price objective on Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Barclays PLC lowered their price objective on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, May 22nd. BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. lowered their price objective on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Crown Castle International Corporation has a consensus rating of “Buy” and an average target price of $104.95.

In other news, Director J Landis Martin bought 30,000 shares of Crown Castle International Corporation stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert F. Mckenzie sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the transaction, the director now directly owns 28,953 shares of the company’s stock, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

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

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