Crown Castle International Corporation (CCI) Position Reduced by Skylands Capital LLC

Skylands Capital LLC lowered its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,950 shares of the real estate investment trust’s stock after selling 3,650 shares during the period. Crown Castle International Corporation comprises 6.7% of Skylands Capital LLC’s portfolio, making the stock its 2nd largest holding. Skylands Capital LLC owned 0.12% of Crown Castle International Corporation worth $50,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Crown Castle International Corporation by 6.0% during the first quarter. Teachers Advisors LLC now owns 1,913,613 shares of the real estate investment trust’s stock worth $180,741,000 after acquiring an additional 108,076 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Crown Castle International Corporation during the first quarter worth about $2,475,000. Marshall Wace North America L.P. acquired a new position in Crown Castle International Corporation during the first quarter worth about $2,475,000. Dimensional Fund Advisors LP raised its position in Crown Castle International Corporation by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 149,445 shares of the real estate investment trust’s stock worth $14,115,000 after acquiring an additional 3,003 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Crown Castle International Corporation by 43.3% during the first quarter. Lazard Asset Management LLC now owns 159,527 shares of the real estate investment trust’s stock worth $15,066,000 after acquiring an additional 48,227 shares during the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (NYSE:CCI) traded down 1.18% during trading on Monday, hitting $103.75. 733,170 shares of the stock were exchanged. The firm has a market cap of $42.15 billion, a PE ratio of 82.80 and a beta of 0.16. The stock’s 50-day moving average price is $102.89 and its 200-day moving average price is $100.47. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Crown Castle International Corporation will post $1.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.00%. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 316.67%.

In other news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was bought 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 in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.41% of the company’s stock.

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A number of equities analysts have issued reports on the stock. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, October 16th. UBS AG cut shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. CIBC restated a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, October 16th. Finally, Macquarie restated a “buy” rating and set a $119.00 target price on shares of Crown Castle International Corporation in a research report on Sunday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $109.50.

Crown Castle International Corporation 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).

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

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