Nationwide Fund Advisors Grows Stake in Crown Castle International Corporation (CCI)

Nationwide Fund Advisors raised its position in Crown Castle International Corporation (NYSE:CCI) by 57.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,335 shares of the real estate investment trust’s stock after purchasing an additional 106,338 shares during the quarter. Nationwide Fund Advisors owned 0.08% of Crown Castle International Corporation worth $29,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Gamco Investors INC. ET AL raised its holdings in shares of Crown Castle International Corporation by 121.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 15,051 shares of the real estate investment trust’s stock worth $1,422,000 after purchasing an additional 8,256 shares during the period. First Personal Financial Services raised its holdings in shares of Crown Castle International Corporation by 1,574.0% in the 1st quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 1,574 shares during the period. Commerce Bank raised its holdings in shares of Crown Castle International Corporation by 10.3% in the 1st quarter. Commerce Bank now owns 14,294 shares of the real estate investment trust’s stock worth $1,350,000 after purchasing an additional 1,334 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV purchased a new position in shares of Crown Castle International Corporation in the 1st quarter worth about $1,157,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Crown Castle International Corporation by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,744 shares of the real estate investment trust’s stock worth $2,526,000 after purchasing an additional 6,072 shares during the period. Institutional investors own 82.98% of the company’s stock.

CCI has been the topic of a number of research reports. Citigroup Inc. raised their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective on the stock in a report on Tuesday, July 11th. Macquarie restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. BidaskClub downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $106.45.

Crown Castle International Corporation (NYSE:CCI) traded up 0.64% during midday trading on Friday, hitting $105.48. The stock had a trading volume of 2,987,845 shares. The company’s 50-day moving average price is $104.28 and its 200 day moving average price is $98.78. The stock has a market cap of $42.85 billion, a P/E ratio of 84.18 and a beta of 0.18. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly 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. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’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 fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.60%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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In related news, Director J Landis Martin purchased 30,000 shares of Crown Castle International Corporation stock in a transaction on 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by insiders.

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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