Natixis Buys 183,628 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

Natixis lifted its stake in Crown Castle International Corp. (REIT) (NYSE:CCI) by 671.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 210,988 shares of the real estate investment trust’s stock after purchasing an additional 183,628 shares during the quarter. Natixis’ holdings in Crown Castle International were worth $41,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCI. Capital International Investors boosted its stake in shares of Crown Castle International by 27.2% in the first quarter. Capital International Investors now owns 17,703,600 shares of the real estate investment trust’s stock valued at $3,046,915,000 after buying an additional 3,787,088 shares during the period. Deutsche Bank AG raised its position in Crown Castle International by 23.2% during the second quarter. Deutsche Bank AG now owns 8,445,874 shares of the real estate investment trust’s stock valued at $1,647,791,000 after purchasing an additional 1,588,394 shares in the last quarter. FMR LLC raised its position in Crown Castle International by 33.3% during the second quarter. FMR LLC now owns 5,286,356 shares of the real estate investment trust’s stock valued at $1,031,369,000 after purchasing an additional 1,320,474 shares in the last quarter. Brookfield Asset Management Inc. raised its position in Crown Castle International by 485.8% during the first quarter. Brookfield Asset Management Inc. now owns 1,241,686 shares of the real estate investment trust’s stock valued at $213,731,000 after purchasing an additional 1,029,729 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Crown Castle International by 55.1% during the first quarter. Federated Hermes Inc. now owns 1,609,247 shares of the real estate investment trust’s stock valued at $276,999,000 after purchasing an additional 571,600 shares in the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

CCI has been the subject of several research analyst reports. Citigroup downgraded shares of Crown Castle International from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 13th. KeyCorp upped their price target on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Crown Castle International from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, September 30th. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of 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. Finally, Oppenheimer downgraded shares of Crown Castle International from an “outperform” rating to a “market perform” rating and set a $205.00 price target for the company. in a report on Friday, September 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle International currently has a consensus rating of “Buy” and an average price target of $196.55.

CCI traded down $0.42 during trading on Thursday, reaching $170.18. 4,909 shares of the company were exchanged, compared to its average volume of 1,785,264. The company’s 50-day moving average is $187.39 and its two-hundred day moving average is $188.74. The company has a market cap of $73.55 billion, a price-to-earnings ratio of 65.28, a P/E/G ratio of 1.37 and a beta of 0.37. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.30. Crown Castle International Corp. has a 12-month low of $146.15 and a 12-month high of $204.62.

Crown Castle International (NYSE:CCI) last announced its earnings results on Tuesday, July 20th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.08. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts forecast that Crown Castle International Corp. will post 6.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were given a dividend of $1.33 per share. This represents a $5.32 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, September 14th. Crown Castle International’s payout ratio is currently 78.47%.

In other news, Director J Landis Martin bought 4,200 shares of the company’s stock in a transaction that occurred on Monday, July 26th. The stock was bought at an average price of $191.52 per share, with a total value of $804,384.00. Following the acquisition, the director now owns 141,755 shares of the company’s stock, valued at approximately $27,148,917.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher Levendos sold 4,000 shares of the company’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $191.52, for a total transaction of $766,080.00. Following the sale, the chief operating officer now owns 8,246 shares in the company, valued at $1,579,273.92. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

About Crown Castle International

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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Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corp. (REIT) (NYSE:CCI).

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

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