Crown Castle International Corporation (CCI) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. cut its position in shares of Crown Castle International Corporation (NYSE:CCI) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 1,025,435 shares of the real estate investment trust’s stock after selling 445 shares during the period. Crown Castle International Corporation makes up about 1.5% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 13th largest position. Duff & Phelps Investment Management Co.’s holdings in Crown Castle International Corporation were worth $102,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Crown Castle International Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,442 shares of the real estate investment trust’s stock worth $12,708,000 after buying an additional 11,875 shares during the period. CENTRAL TRUST Co boosted its position in Crown Castle International Corporation by 1.0% in the first quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 17 shares during the period. Creative Planning boosted its position in Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock valued at $830,000 after buying an additional 3,098 shares during the period. National Pension Service boosted its position in Crown Castle International Corporation by 10.7% in the first quarter. National Pension Service now owns 281,331 shares of the real estate investment trust’s stock valued at $26,620,000 after buying an additional 27,227 shares during the period. Finally, Bank of Montreal Can boosted its position in Crown Castle International Corporation by 5.1% in the first quarter. Bank of Montreal Can now owns 613,353 shares of the real estate investment trust’s stock valued at $57,932,000 after buying an additional 29,998 shares during the period. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (CCI) opened at 100.71 on Friday. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $104.68. The firm’s 50 day moving average is $99.83 and its 200 day moving average is $95.77. The company has a market cap of $40.92 billion, a PE ratio of 80.38 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. On average, equities analysts predict that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.

TRADEMARK VIOLATION WARNING: “Crown Castle International Corporation (CCI) Shares Sold by Duff & Phelps Investment Management Co.” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/11/crown-castle-international-corporation-cci-shares-sold-by-duff-phelps-investment-management-co.html.

Several research analysts recently weighed in on CCI shares. Deutsche Bank AG restated a “buy” rating and issued a $108.00 price objective (up previously from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, April 18th. 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. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective for the company in a research report on Tuesday, July 11th. Finally, Citigroup Inc. dropped their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $104.95.

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 purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the purchase, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James D. Young sold 24,646 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the transaction, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

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).

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corporation (NYSE:CCI).

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

What are top analysts saying about Crown Castle International Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Crown Castle International Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit