Crown Castle International Corporation (CCI) Stake Increased by Roosevelt Investment Group Inc.

Roosevelt Investment Group Inc. lifted its position in Crown Castle International Corporation (NYSE:CCI) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,820 shares of the real estate investment trust’s stock after acquiring an additional 10,439 shares during the quarter. Crown Castle International Corporation makes up approximately 1.4% of Roosevelt Investment Group Inc.’s portfolio, making the stock its 27th largest position. Roosevelt Investment Group Inc.’s holdings in Crown Castle International Corporation were worth $14,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCI. BlackRock Inc. grew its stake 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 worth $2,198,702,000 after acquiring an additional 22,272,827 shares in the last quarter. Jennison Associates LLC grew its stake 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 worth $782,016,000 after acquiring an additional 6,901,353 shares in the last quarter. Brookfield Asset Management Inc. grew its stake 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 worth $149,599,000 after acquiring an additional 1,519,700 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 worth $377,668,000 after acquiring an additional 1,043,700 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake 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 worth $374,379,000 after acquiring an additional 1,017,085 shares in the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Crown Castle International Corporation (NYSE CCI) traded down 1.06% during midday trading on Tuesday, reaching $105.80. 549,349 shares of the company’s stock traded hands. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The stock’s 50 day moving average price is $103.53 and its 200-day moving average price is $98.44. The stock has a market cap of $42.98 billion, a PE ratio of 84.44 and a beta of 0.18.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Equities analysts predict that Crown Castle International Corporation will post $1.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.55%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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CCI has been the subject of several recent analyst reports. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. 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. Macquarie reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Deutsche Bank AG boosted their price target on shares of 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, 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. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Crown Castle International Corporation presently has a consensus rating of “Buy” and an average price target of $106.50.

In other news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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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