Advisor Partners LLC Boosts Stake in Crown Castle International Corporation (NYSE:CCI)

Advisor Partners LLC increased its position in Crown Castle International Corporation (NYSE:CCI) by 10.5% during the second quarter, Holdings Channel reports. The fund owned 4,999 shares of the real estate investment trust’s stock after buying an additional 474 shares during the period. Advisor Partners LLC’s holdings in Crown Castle International Corporation were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Crown Castle International Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock worth $2,217,770,000 after buying an additional 901,833 shares during the last quarter. BlackRock Inc. raised its position in shares of Crown Castle International Corporation by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock worth $2,198,702,000 after buying an additional 22,272,827 shares during the last quarter. State Street Corp raised its position in shares of Crown Castle International Corporation by 1.0% in the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after buying an additional 147,313 shares during the last quarter. Morgan Stanley raised its position in shares of Crown Castle International Corporation by 2.1% in the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after buying an additional 158,840 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Crown Castle International Corporation by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock worth $377,668,000 after buying an additional 1,043,700 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE CCI) opened at 101.15 on Tuesday. The firm has a 50-day moving average of $99.84 and a 200 day moving average of $95.24. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68. The company has a market cap of $37.03 billion, a P/E ratio of 80.73 and a beta of 0.20.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.95 dividend. 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 3.76%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.themarketsdaily.com/2017/08/08/advisor-partners-llc-boosts-stake-in-crown-castle-international-corporation-nysecci.html.

A number of equities analysts have recently issued reports on CCI shares. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a research report on Monday, July 10th. BidaskClub lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. lowered shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Crown Castle International Corporation has an average rating of “Buy” and an average target price of $104.95.

In other news, COO James D. Young sold 24,646 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total value of $2,402,985.00. Following the transaction, the chief operating officer now owns 140,006 shares in the company, valued at approximately $13,650,585. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total transaction of $144,720.00. Following the completion of the transaction, the director now owns 28,953 shares in the company, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by 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).

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 Corporation (NYSE:CCI).

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

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

Latest News

Leave a Reply