Crown Castle International Corporation (CCI) Stake Maintained by South Dakota Investment Council

South Dakota Investment Council continued to hold its stake in Crown Castle International Corporation (NYSE:CCI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,300 shares of the real estate investment trust’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in Crown Castle International Corporation were worth $7,644,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eaton Vance Management raised its holdings in shares of Crown Castle International Corporation by 10.5% in the 2nd quarter. Eaton Vance Management now owns 133,210 shares of the real estate investment trust’s stock worth $13,345,000 after buying an additional 12,662 shares in the last quarter. CIBC World Markets Inc. raised its holdings in shares of Crown Castle International Corporation by 40.8% in the 2nd quarter. CIBC World Markets Inc. now owns 15,293 shares of the real estate investment trust’s stock worth $1,532,000 after buying an additional 4,434 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Crown Castle International Corporation by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 11,659 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 1,199 shares in the last quarter. Mayo Investment Advisers LLC increased its holdings in Crown Castle International Corporation by 56.6% during the 2nd quarter. Mayo Investment Advisers LLC now owns 61,215 shares of the real estate investment trust’s stock valued at $6,133,000 after purchasing an additional 22,115 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Crown Castle International Corporation during the 2nd quarter valued at $496,000. Institutional investors own 82.98% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE:CCI) traded down 0.196% on Friday, hitting $104.605. 823,399 shares of the stock traded hands. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $108.88. The firm has a market cap of $42.50 billion, a P/E ratio of 83.484 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, topping the Zacks’ 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts predict that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

In related news, Director J Landis Martin purchased 30,000 shares of Crown Castle International Corporation stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

A number of research firms recently weighed in on CCI. Bank of America Corporation raised their price target on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Citigroup Inc. raised 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. BidaskClub upgraded Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $106.45.

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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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