Teachers Advisors LLC Lowers Holdings in Crown Castle International Corporation (CCI)

Teachers Advisors LLC lessened its stake in Crown Castle International Corporation (NYSE:CCI) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,613,000 shares of the real estate investment trust’s stock after selling 300,613 shares during the quarter. Teachers Advisors LLC owned about 0.44% of Crown Castle International Corporation worth $161,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its stake in shares of Crown Castle International Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 10 shares during the last quarter. Fiduciary Trust Co. boosted its stake in shares of Crown Castle International Corporation by 0.7% in the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 21 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Crown Castle International Corporation by 0.7% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after purchasing an additional 50 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of Crown Castle International Corporation by 1.2% in the 2nd quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/09/12/teachers-advisors-llc-lowers-holdings-in-crown-castle-international-corporation-cci.html.

Crown Castle International Corporation (CCI) traded down 1.08% on Tuesday, reaching $105.78. 543,561 shares of the company traded hands. The stock has a market capitalization of $42.97 billion, a PE ratio of 84.42 and a beta of 0.18. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The firm has a 50 day moving average of $103.53 and a 200-day moving average of $98.44.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, analysts anticipate that Crown Castle International Corporation will post $1.16 EPS for the current year.

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

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 acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Several brokerages have recently issued reports on CCI. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Citigroup Inc. lowered shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Macquarie reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC reduced their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and an average price target of $106.50.

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).

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