Atlantic Trust Group LLC Sells 484 Shares of Crown Castle International Corporation (CCI)

Atlantic Trust Group LLC cut its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,440 shares of the real estate investment trust’s stock after selling 484 shares during the quarter. Atlantic Trust Group LLC’s holdings in Crown Castle International Corporation were worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its position 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 worth $131,000 after acquiring an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position 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 worth $764,000 after acquiring an additional 50 shares in the last quarter. Capital Analysts LLC raised its position 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 worth $112,000 after acquiring an additional 53 shares in the last quarter. FineMark National Bank & Trust raised its position 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 worth $504,000 after acquiring an additional 60 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Crown Castle International Corporation by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,470 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 76 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

A number of research analysts recently weighed in on the company. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Citigroup Inc. lowered Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Macquarie reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. BidaskClub upgraded Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC dropped their price target on 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 research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $106.45.

In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the transaction, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

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Shares of Crown Castle International Corporation (NYSE:CCI) opened at 104.81 on Friday. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The company has a market capitalization of $42.58 billion, a PE ratio of 83.65 and a beta of 0.18. The stock has a 50 day moving average price of $104.13 and a 200 day moving average price of $98.69.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 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).

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

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