Teacher Retirement System of Texas grew its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 525.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,907 shares of the real estate investment trust’s stock after buying an additional 98,227 shares during the period. Teacher Retirement System of Texas’ holdings in Crown Castle International Corporation were worth $11,688,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Jennison Associates LLC raised its stake in Crown Castle International Corporation by 762.8% during the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after acquiring an additional 6,901,353 shares during the period. 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. Capital World Investors boosted its position in shares of Crown Castle International Corporation by 12.6% during the 2nd quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after acquiring an additional 2,584,490 shares in the last quarter. PointState Capital LP bought a new position in Crown Castle International Corporation during the 2nd quarter valued at about $188,265,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Crown Castle International Corporation by 43.4% in the third quarter. Daiwa Securities Group Inc. now owns 5,357,951 shares of the real estate investment trust’s stock worth $535,687,000 after acquiring an additional 1,620,886 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the transaction, the vice president now owns 91,808 shares in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.
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Shares of Crown Castle International Corporation (CCI) traded down $0.57 during trading on Friday, reaching $110.55. The company had a trading volume of 152,129 shares, compared to its average volume of 2,393,407. Crown Castle International Corporation has a fifty-two week low of $80.82 and a fifty-two week high of $114.97. The company has a market cap of $45,150.00, a PE ratio of 23.75, a P/E/G ratio of 1.64 and a beta of 0.20. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.
Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.09 EPS. Crown Castle International Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts predict that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.05 dividend. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is presently 316.67%.
CCI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Deutsche Bank AG upped their price target on Crown Castle International Corporation from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on Crown Castle International Corporation from $112.50 to $116.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Citigroup Inc. upped their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. Finally, Bank of America Corporation increased their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.29.
About Crown Castle International Corporation
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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