Cohen & Steers INC Increased Its Crown Castle International Corp. (CCI) Stake

June 29, 2018 - By Glen Chin

Crown Castle International Corp. (NYSE:REIT) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.12. That’s change of 0.12, from 2017Q4’s 1.24. 37 investors sold all, 229 reduced holdings as CCI ratio turned negative. 227 grew holdings while 71 funds bought holdings. Funds hold 382.47 million shares thus 3.70% more from 2017Q4’s 368.81 million shares. Blackrock, a New York-based fund reported 26.99 million shs. Field & Main National Bank & Trust stated it has 37 shs. Park Avenue Limited Liability Com holds 0.23% or 9,386 shs in its capital. Eaton Vance Mgmt holds 0.05% or 182,019 shs. State Teachers Retirement Systems invested in 593,010 shs. Cornerstone Advsrs has 0.13% invested in Crown Castle International Corp. (NYSE:REIT). Linscomb & Williams stated it has 34,647 shs. Stephens Ar holds 135,588 shs. Aperio Group Ltd Co holds 0.13% or 229,976 shs in its capital. Keybank Association Oh holds 50,799 shs or 0.03% of its capital. Interest Ca has 25,125 shs. Motley Fool Asset Mngmt Llc invested in 3,686 shs or 0.06% of the stock. Argent invested in 0.11% or 3,593 shs. Ohio-based Victory Capital Mgmt Incorporated has invested 0% in Crown Castle International Corp. (NYSE:REIT). Mackenzie Financial holds 0% in Crown Castle International Corp. (NYSE:REIT) or 11,330 shs.

CCI registered $1.83 million net activity with 1 buy and 2 insider sales since February 21, 2018. On Friday, April 27 $199,988 worth of stock was bought by Melone Anthony J.. Shares for $75,391 were sold by Simon Kenneth Jay.

Cohen & Steers Inc’s stake in Crown Castle International Corp. (CCI) is upped by 4.31% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock sank 7.89% while Cohen & Steers Inc bought 566,561 shares. At the end of 2018Q1, the institutional investor held 13.71M shares of the real estate investment trusts company, priced at $1.50B, up from 13.14M at the end of the previous reported quarter. Crown Castle International Corp. has $44.54B market cap. REIT reached $107.36 during the last trading session after $0.24 change.Crown Castle International Corp. has volume of 774,839 shares. Since June 29, 2017 REIT has declined 0.04% and is downtrending. REIT underperformed the S&P500 by 12.61%.

Cohen & Steers Inc operates about $32.69B US Long portfolio. It decreased its stake in Enbridge Inc (NYSE:ENB) by 6.97 million shares to 5,360 shares, valued at $169,000 in 2018Q1, according to the filing. For a total of 225,019 shares it reduced its holding in Jpmorgan Chase & Co. (NYSE:JPM) by 52,578 shares in the quarter, and has cut its stake in Camden Property Trust (NYSE:CPT).

Crown Castle International Corp. (NYSE:REIT) Ratings Coverage

Total analysts of 6 have positions in Crown Castle (NYSE:CCI) as follows: 5 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 83%. Since January 17, 2018 according to StockzIntelligence Inc Crown Castle has 8 analyst reports. On Friday, January 26 the company was maintained by Guggenheim. On Thursday, January 25 the firm earned “Buy” rating by Cowen & Co. In Thursday, May 31 report Morgan Stanley maintained it with “Overweight” rating and $116 target. On Tuesday, April 17 the rating was maintained by Barclays Capital with “Equal-Weight”. On Monday, April 23 the firm has “Buy” rating by RBC Capital Markets given. The stock rating was maintained by Cowen & Co with “Buy” on Friday, April 20.

Crown Castle International Corp. (NYSE:REIT) Analyst Ratings Chart

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