The position of Crown Castle International Corp. (NYSE: CCI) was promoted from Gateway Investment Advisers LLC


Gateway Investment Advisers LLC has raised its stake in Crown Castle International Corp. (NYSE: CCI – Get Rating) by 7.6% in the first quarter, according to HoldingsChannel.com. The company owned 4,902 shares of real estate investment trust shares after purchasing an additional 345 shares during the quarter. Gateway Investment Advisers LLC owned Crown Castle International at $ 905,000 at the time of its last SEC filing.

Several other hedge funds have also recently changed holdings in CCI. BlackRock Inc. increased its position in shares of Crown Castle International by 15.3% in the fourth quarter. BlackRock Inc. now owns 37,010,877 shares of the real estate investment trust worth $ 7,725,650,000 after purchasing an additional 4,919,828 shares in the last quarter. Norges Bank bought a new position in Crown Castle International in the fourth quarter worth about $ 815,548,000. State Street Corp increased its stake in Crown Castle International by 4.8% in the fourth quarter. State Street Corp now owns 19,664,166 shares of the $ 4,104,698,000 real estate investment trust after acquiring an additional 896,553 shares in the last quarter. London Co. of Virginia increased its stake in Crown Castle International by 22.2% in the fourth quarter. London Co. of Virginia already owns 2,099,904 shares of the $ 438,334,000 real estate investment trust after acquiring an additional 381,823 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Crown Castle International by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 8,441,732 shares of the real estate investment trust worth $ 1,758,348,000 after acquiring an additional 337,741 shares in the last quarter. 91.28% of the shares are currently owned by institutional investors and hedge funds.

The NYSE CCI opened at $ 174.99 on Friday. Crown Castle International Corp. has a 12-month low of $ 153.70 and a 12-month high of $ 209.87. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.71 and a fast ratio of 0.71. The company has a market capitalization of $ 75.78 billion, a PE ratio of 52.08 and a beta of 0.53. The company’s 50-day simple moving average is $ 180.25, and its 200-day simple moving average is $ 182.60.

Crown Castle International (NYSE: CCI – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $ 0.97 EPS for the quarter, beating analysts’ consensus estimates of $ 0.94 by $ 0.03. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The business had revenue of $ 1.74 billion for the quarter, compared to analysts’ estimates of $ 1.70 billion. In the same quarter last year, the business earned $ 1.71 earnings per share. Business revenues for the quarter increased by 17.3% on an annual basis. Sales analysts expect Crown Castle International Corp. will report 7.06 earnings per share for the current fiscal year.

The company also recently announced a three-month dividend, which will be paid on Thursday, June 30. The record shareholders on Wednesday, June 15, will receive a dividend of $ 1.47. The date of the former dividend of this dividend is Tuesday, June 14. This represents a $ 5.88 annual dividend and a yield of 3.36%. Crown Castle International’s dividend payout ratio (DPR) is 175.00%.

In other news from Crown Castle International, Chief Operating Officer Christopher Levendos sold 11,000 shares of Crown Castle International in a deal on Monday (April 25th). The shares were sold at an average price of $ 192.79, for a total value of $ 2,120,690.00. Following the deal, the chief operating officer now owns 11,717 shares of the company worth $ 2,258,920.43. The transaction is disclosed in a document submitted to the SEC, which is available at this link. Also, Vice President Robert Sean Collins sold 1,000 shares of Crown Castle International in a deal on Tuesday, May 3rd. The shares were sold at an average price of $ 185.44, for a total transaction of $ 185,440.00. Following the transaction, the vice president now owns 10,082 shares in the company worth approximately $ 1,869,606.08. The disclosure for this sale can be found here. Over the past 90 days, insiders sold 17,000 shares of the company worth $ 3,261,230. 0.47% of the shares are currently owned by insiders of the company.

A number of stock analysts have issued CCI stock reports. Barclays reduced its target price for shares of Crown Castle International from € 222.00 ($ 233.68) to € 214.00 ($ 225.26) in a report on Friday, March 18. StockNews.com downgraded Crown Castle International shares from a buy rating to a hold rating in a report on Thursday. Wells Fargo & Company downgraded Crown Castle International shares from an “equal weight” rating to a “under weight” rating and set a target price of $ 180.00 per share. in a report from Thursday, June 2. Morgan Stanley lowered its target price for Crown Castle International from $ 215.00 to $ 200.00 and set an overweight rating for the shares in a report on Tuesday, June 7. Finally, Raymond James raised his Crown Castle International price target from $ 184.00 to $ 206.00 and gave the company a “superior” rating in a report on Friday, April 22nd. Two investment analysts rated the shares with a rating for sale, five gave a rating for retention, and eight assigned a rating for the purchase of the company. According to MarketBeat.com, Crown Castle International currently has a consensus hold rating and an average target price of $ 202.71.

Profile of the international company Crown Castle (Get a rating)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 miles of fiber, supporting small cells and optical solutions in every major US market. This nationwide portfolio of communications infrastructure connects cities and communities with basic data, technology and wireless services – providing information, ideas and innovations to the people and businesses that need them.

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Quarterly Institutional Property for Crown Castle International (NYSE: CCI)



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