Sustainable Insight Capital Management LLC Buys New Stake in CROWN CASTLE IN/SH SH (CCI)

Sustainable Insight Capital Management LLC bought a new stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,700 shares of the real estate investment trust’s stock, valued at approximately $1,754,000. CROWN CASTLE IN/SH SH accounts for approximately 2.3% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 18th biggest holding.

Several other large investors also recently added to or reduced their stakes in the company. Truewealth LLC lifted its position in shares of CROWN CASTLE IN/SH SH by 48.0% during the 1st quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 83 shares during the last quarter. Strategic Investment Advisors MI lifted its position in shares of CROWN CASTLE IN/SH SH by 2.4% during the 1st quarter. Strategic Investment Advisors MI now owns 3,518 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 84 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of CROWN CASTLE IN/SH SH by 3.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,621 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 85 shares during the last quarter. RB Capital Management LLC lifted its position in shares of CROWN CASTLE IN/SH SH by 1.0% during the 1st quarter. RB Capital Management LLC now owns 9,000 shares of the real estate investment trust’s stock worth $1,152,000 after buying an additional 90 shares during the last quarter. Finally, Cpwm LLC lifted its position in shares of CROWN CASTLE IN/SH SH by 1.2% during the 4th quarter. Cpwm LLC now owns 7,921 shares of the real estate investment trust’s stock worth $860,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Several analysts recently weighed in on CCI shares. TheStreet upgraded CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Bank of America upped their price objective on CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. Macquarie downgraded CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Finally, Guggenheim downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $123.25.

CCI traded down $4.41 on Monday, reaching $122.84. The stock had a trading volume of 53,749 shares, compared to its average volume of 1,398,130. CROWN CASTLE IN/SH SH has a fifty-two week low of $99.99 and a fifty-two week high of $130.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.91. The stock has a market cap of $52.90 billion, a PE ratio of 22.42, a PEG ratio of 1.47 and a beta of 0.40.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $0.21 EPS. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.125 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.50 dividend on an annualized basis and a yield of 3.66%. CROWN CASTLE IN/SH SH’s payout ratio is presently 82.12%.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.06, for a total value of $300,150.00. Following the completion of the transaction, the senior vice president now owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J Landis Martin bought 18,350 shares of the stock in a transaction on Wednesday, April 24th. The stock was purchased at an average cost of $123.13 per share, with a total value of $2,259,435.50. Following the acquisition, the director now owns 120,717 shares in the company, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

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About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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