Uniplan Investment Counsel Inc. Has $85.16 Million Stake in Crown Castle International Corporation (CCI)

Uniplan Investment Counsel Inc. grew its position in Crown Castle International Corporation (NYSE:CCI) by 19.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 840,268 shares of the real estate investment trust’s stock after buying an additional 139,013 shares during the period. Crown Castle International Corporation makes up 3.7% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 4th largest position. Uniplan Investment Counsel Inc. owned approximately 0.23% of Crown Castle International Corporation worth $85,158,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CCI. BlackRock Inc. grew its holdings in shares of Crown Castle International Corporation by 2,213.6% in the 1st quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after buying an additional 22,272,827 shares during the period. Jennison Associates LLC grew its holdings in shares of Crown Castle International Corporation by 762.8% in the 2nd quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock valued at $782,016,000 after buying an additional 6,901,353 shares during the period. Brookfield Asset Management Inc. grew its holdings in shares of Crown Castle International Corporation by 2,367.1% in the 1st quarter. Brookfield Asset Management Inc. now owns 1,583,900 shares of the real estate investment trust’s stock valued at $149,599,000 after buying an additional 1,519,700 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Crown Castle International Corporation by 35.3% in the 1st quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock valued at $377,668,000 after buying an additional 1,043,700 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Crown Castle International Corporation by 37.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,737,065 shares of the real estate investment trust’s stock valued at $374,379,000 after buying an additional 1,017,085 shares during the period. 82.98% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Uniplan Investment Counsel Inc. Has $85.16 Million Stake in Crown Castle International Corporation (CCI)” was originally reported by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/09/11/uniplan-investment-counsel-inc-has-85-16-million-stake-in-crown-castle-international-corporation-cci.html.

Shares of Crown Castle International Corporation (NYSE CCI) traded up 0.23% during midday trading on Monday, reaching $106.74. 411,645 shares of the company’s stock traded hands. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88. The stock has a market cap of $43.36 billion, a P/E ratio of 85.19 and a beta of 0.18. The stock has a 50 day moving average of $103.53 and a 200-day moving average of $98.39.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. On average, equities research analysts forecast that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

Several equities analysts have recently issued reports on CCI shares. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a report on Monday, July 10th. Finally, Citigroup Inc. lowered shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Crown Castle International Corporation has a consensus rating of “Buy” and a consensus target price of $106.50.

In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company 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