Colony Group LLC Boosts Holdings in Crown Castle International Corporation (CCI)

Colony Group LLC lifted its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,414 shares of the real estate investment trust’s stock after acquiring an additional 8,970 shares during the period. Colony Group LLC’s holdings in Crown Castle International Corporation were worth $11,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CCI. Winslow Evans & Crocker Inc. boosted its stake in shares of Crown Castle International Corporation by 36.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 278 shares during the last quarter. Capital Analysts LLC lifted its position in Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 53 shares during the period. Parallel Advisors LLC lifted its position in Crown Castle International Corporation by 261.5% during the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 923 shares during the period. Guardian Life Insurance Co. of America lifted its position in Crown Castle International Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 10 shares during the period. Finally, Solaris Asset Management LLC lifted its position in Crown Castle International Corporation by 5.1% during the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 90 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (NYSE:CCI) traded down 0.16% on Friday, hitting $102.94. The stock had a trading volume of 590,862 shares. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The firm has a 50 day moving average price of $103.71 and a 200 day moving average price of $100.13. The company has a market capitalization of $41.82 billion, a P/E ratio of 82.15 and a beta of 0.16.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. Crown Castle International Corporation’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, equities research analysts predict that Crown Castle International Corporation will post $1.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.69%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

CCI has been the topic of a number of research reports. Zacks Investment Research downgraded Crown Castle International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Cowen and Company reiterated an “outperform” rating and issued a $112.00 target price (up previously from $105.00) on shares of Crown Castle International Corporation in a research note on Saturday, September 23rd. Bank of America Corporation increased their target price on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reiterated 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. Finally, Citigroup Inc. increased their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International Corporation has an average rating of “Buy” and a consensus price target of $107.50.

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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