Crown Castle International Corporation (CCI) Position Raised by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC raised its position in shares of Crown Castle International Corporation (NYSE:CCI) by 100.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 120,935 shares of the real estate investment trust’s stock after buying an additional 60,668 shares during the period. Chartwell Investment Partners LLC’s holdings in Crown Castle International Corporation were worth $11,422,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in Crown Castle International Corporation by 5.8% in the first quarter. Fifth Third Bancorp now owns 60,306 shares of the real estate investment trust’s stock valued at $5,696,000 after buying an additional 3,330 shares during the last quarter. L & S Advisors Inc purchased a new stake in Crown Castle International Corporation during the first quarter valued at $886,000. Financial Counselors Inc. boosted its stake in Crown Castle International Corporation by 5.7% in the first quarter. Financial Counselors Inc. now owns 85,307 shares of the real estate investment trust’s stock valued at $8,057,000 after buying an additional 4,588 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Crown Castle International Corporation by 417.7% in the first quarter. Teacher Retirement System of Texas now owns 18,638 shares of the real estate investment trust’s stock valued at $1,760,000 after buying an additional 15,038 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in Crown Castle International Corporation by 96.9% in the first quarter. Ngam Advisors L.P. now owns 134,233 shares of the real estate investment trust’s stock valued at $12,678,000 after buying an additional 66,071 shares during the last quarter. 93.45% of the stock is owned by institutional investors.

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

Crown Castle International Corporation (NYSE CCI) traded down 0.31% during trading on Tuesday, reaching $100.78. The company’s stock had a trading volume of 459,580 shares. The company has a market cap of $36.90 billion, a price-to-earnings ratio of 86.21 and a beta of 0.23. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $104.68. The stock’s 50 day moving average is $99.39 and its 200 day moving average is $92.31.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Monday, April 24th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Crown Castle International Corporation had a return on equity of 6.03% and a net margin of 10.43%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, equities analysts expect that Crown Castle International Corporation will post $1.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.95 per share. The ex-dividend date is Wednesday, June 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.76%. Crown Castle International Corporation’s dividend payout ratio is currently 327.59%.

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Several analysts recently weighed in on the company. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Citigroup Inc. cut Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Deutsche Bank AG lifted their price target on Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Barclays PLC dropped their price target on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.35.

In other news, COO James D. Young sold 24,646 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $13,650,585. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the company’s stock in a transaction 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 directly owns 28,953 shares in the company, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

About Crown Castle International Corporation

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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