Crown Castle International Corporation (CCI) Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in Crown Castle International Corporation (NYSE:CCI) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 405,223 shares of the real estate investment trust’s stock after purchasing an additional 37,521 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Crown Castle International Corporation worth $40,595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Osterweis Capital Management Inc. grew its position in Crown Castle International Corporation by 2.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 235,090 shares of the real estate investment trust’s stock worth $23,552,000 after purchasing an additional 6,540 shares during the last quarter. Gyroscope Capital Management Group LLC grew its position in Crown Castle International Corporation by 8.7% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,013 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 242 shares during the last quarter. PointState Capital LP bought a new position in Crown Castle International Corporation in the 2nd quarter worth about $188,265,000. Colonial Trust Advisors grew its position in Crown Castle International Corporation by 37.8% in the 2nd quarter. Colonial Trust Advisors now owns 47,805 shares of the real estate investment trust’s stock worth $4,789,000 after purchasing an additional 13,120 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Crown Castle International Corporation by 2,414.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,554,608 shares of the real estate investment trust’s stock worth $556,464,000 after purchasing an additional 5,333,700 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

In related news, Director J Landis Martin acquired 30,000 shares of the stock in a transaction on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction 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 filing with the SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

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Several research firms have commented on CCI. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Crown Castle International Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company restated an “outperform” rating and issued a $112.00 target price (up previously from $105.00) on shares of Crown Castle International Corporation in a research report on Saturday, September 23rd. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Finally, Citigroup Inc. decreased their target price on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.50.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 1.09% during mid-day trading on Thursday, hitting $103.32. 386,626 shares of the stock were exchanged. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $108.88. The company’s 50-day moving average is $103.79 and its 200-day moving average is $100.11. The firm has a market cap of $41.98 billion, a price-to-earnings ratio of 82.46 and a beta of 0.16.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. Equities research analysts anticipate that Crown Castle International Corporation will post $1.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.72%. The ex-dividend date was Thursday, September 14th. Crown Castle International Corporation’s payout ratio is presently 304.00%.

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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