People s United Financial Inc. Maintains Holdings in Crown Castle International Corporation (CCI)

People s United Financial Inc. maintained its position in shares of Crown Castle International Corporation (NYSE:CCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,016 shares of the real estate investment trust’s stock at the close of the 2nd quarter. People s United Financial Inc.’s holdings in Crown Castle International Corporation were worth $102,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. grew its position in Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 278 shares during the last quarter. Capital Analysts LLC grew its position in Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 53 shares during the last quarter. Parallel Advisors LLC grew its position in Crown Castle International Corporation by 261.5% during the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in Crown Castle International Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 10 shares during the last quarter. Finally, Solaris Asset Management LLC grew its position in Crown Castle International Corporation by 5.1% during the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

In related news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the purchase, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

A number of research firms recently commented on CCI. Zacks Investment Research lowered Crown Castle International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Macquarie restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Citigroup Inc. increased their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Bank of America Corporation increased their price target on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $107.50.

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Crown Castle International Corporation (NYSE:CCI) opened at 101.59 on Wednesday. The firm has a market cap of $41.27 billion, a P/E ratio of 81.08 and a beta of 0.16. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The firm’s 50-day moving average price is $103.89 and its 200 day moving average price is $100.09.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations 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 was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Analysts forecast that Crown Castle International Corporation will post $1.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. Crown Castle International Corporation’s payout ratio is presently 304.00%.

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

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