WCM Investment Management CA Has $61.25 Million Holdings in Crown Castle International Corporation (CCI)

WCM Investment Management CA raised its position in shares of Crown Castle International Corporation (NYSE:CCI) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 612,634 shares of the real estate investment trust’s stock after purchasing an additional 47,799 shares during the quarter. Crown Castle International Corporation accounts for about 0.8% of WCM Investment Management CA’s investment portfolio, making the stock its 23rd largest position. WCM Investment Management CA owned approximately 0.15% of Crown Castle International Corporation worth $61,251,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Crown Castle International Corporation by 3.8% during the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock valued at $2,441,666,000 after purchasing an additional 891,908 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Crown Castle International Corporation by 4.2% in the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after buying an additional 975,757 shares in the last quarter. Capital World Investors lifted its holdings in shares of Crown Castle International Corporation by 12.6% in the second quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock worth $2,317,446,000 after buying an additional 2,584,490 shares in the last quarter. Capital International Investors lifted its holdings in shares of Crown Castle International Corporation by 10.4% in the second quarter. Capital International Investors now owns 8,445,600 shares of the real estate investment trust’s stock worth $846,080,000 after buying an additional 793,400 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Crown Castle International Corporation by 3.0% in the third quarter. Jennison Associates LLC now owns 8,042,148 shares of the real estate investment trust’s stock worth $804,054,000 after buying an additional 236,039 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CCI. Macquarie reaffirmed a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. decreased their price target on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $110.04.

Crown Castle International Corporation (CCI) traded down $0.38 during midday trading on Tuesday, hitting $112.90. 2,060,000 shares of the stock were exchanged, compared to its average volume of 2,398,822. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $46,022.84, a PE ratio of 23.90, a PEG ratio of 1.65 and a beta of 0.20. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $114.97.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. research analysts forecast that Crown Castle International Corporation will post 4.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.72%. Crown Castle International Corporation’s dividend payout ratio is presently 316.67%.

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In other news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $113.09, for a total value of $1,193,212.59. Following the transaction, the vice president now directly owns 91,808 shares in the company, valued at $10,382,566.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

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).

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

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