Tredje AP fonden Sells 15,997 Shares of Crown Castle International Corporation (NYSE:CCI)

Tredje AP fonden lessened its holdings in shares of Crown Castle International Corporation (NYSE:CCI) by 30.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 35,724 shares of the real estate investment trust’s stock after selling 15,997 shares during the period. Tredje AP fonden’s holdings in Crown Castle International Corporation were worth $3,613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mayo Investment Advisers LLC grew 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 worth $6,133,000 after acquiring an additional 22,115 shares during the period. Schroder Investment Management Group acquired a new stake in Crown Castle International Corporation during the 2nd quarter worth $496,000. Argent Trust Co grew its holdings in Crown Castle International Corporation by 38.2% during the 2nd quarter. Argent Trust Co now owns 4,968 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 1,373 shares during the period. Fiduciary Trust Co. grew its holdings in Crown Castle International Corporation by 0.7% during the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 21 shares during the period. Finally, Ffcm LLC grew its holdings in Crown Castle International Corporation by 6.5% during the 2nd quarter. Ffcm LLC now owns 46,323 shares of the real estate investment trust’s stock worth $4,640,000 after acquiring an additional 2,818 shares during the period. 82.98% of the stock is owned by hedge funds and other institutional investors.

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 acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

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Crown Castle International Corporation (NYSE:CCI) traded up 0.64% during midday trading on Friday, reaching $105.48. 2,987,845 shares of the company traded hands. The company has a 50 day moving average of $104.28 and a 200-day moving average of $98.78. The stock has a market capitalization 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 posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. Equities analysts anticipate 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. Shareholders of record on Friday, September 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

CCI has been the subject of a number of analyst reports. Barclays PLC lowered their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 22nd. Deutsche Bank AG lifted their price target on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. 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 stock. The stock has a consensus rating of “Buy” and an average price target of $106.45.

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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