Arizona State Retirement System lifted its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,878 shares of the real estate investment trust’s stock after buying an additional 18,544 shares during the period. Arizona State Retirement System’s holdings in Crown Castle International were worth $16,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its position in shares of Crown Castle International by 17.1% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 38,850 shares of the real estate investment trust’s stock valued at $3,884,000 after buying an additional 5,668 shares in the last quarter. Highstreet Asset Management Inc. increased its position in shares of Crown Castle International by 101.0% in the 3rd quarter. Highstreet Asset Management Inc. now owns 9,463 shares of the real estate investment trust’s stock valued at $946,000 after buying an additional 4,756 shares in the last quarter. Spirit of America Management Corp NY increased its position in shares of Crown Castle International by 104.8% in the 3rd quarter. Spirit of America Management Corp NY now owns 8,600 shares of the real estate investment trust’s stock valued at $860,000 after buying an additional 4,400 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in shares of Crown Castle International by 11.0% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock valued at $8,670,000 after buying an additional 8,597 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Crown Castle International by 3.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 785,000 shares of the real estate investment trust’s stock valued at $78,485,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

Crown Castle International Corp. (NYSE CCI) opened at $105.36 on Thursday. The firm has a market cap of $43,212.02, a price-to-earnings ratio of 103.30, a P/E/G ratio of 1.31 and a beta of 0.26. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 7.13. Crown Castle International Corp. has a one year low of $88.54 and a one year high of $114.97.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.84). Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. analysts predict that Crown Castle International Corp. will post 5.25 earnings per share for the current year.

A number of research firms recently commented on CCI. KeyCorp upped their price objective on shares of Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Deutsche Bank upped their target price on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Crown Castle International in a research note on Friday, January 26th. Finally, Wells Fargo & Co upped their target price on shares of Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $113.33.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://theolympiareport.com/2018/02/15/crown-castle-international-corp-reit-cci-position-increased-by-arizona-state-retirement-system.html.

Crown Castle International 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).

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)

Receive News & Ratings for Crown Castle International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International and related companies with MarketBeat.com's FREE daily email newsletter.