Acadian Asset Management LLC Holds Stake in Crown Castle International Corporation (CCI)

Acadian Asset Management LLC maintained its position in Crown Castle International Corporation (NYSE:CCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,034 shares of the real estate investment trust’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Crown Castle International Corporation were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCI. 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 in the last quarter. 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 worth $830,000 after buying an additional 3,098 shares in the last quarter. DnB Asset Management AS boosted its position in Crown Castle International Corporation by 28.7% in the first quarter. DnB Asset Management AS now owns 37,648 shares of the real estate investment trust’s stock worth $3,556,000 after buying an additional 8,400 shares in the last quarter. Bank of The West boosted its position in Crown Castle International Corporation by 0.7% in the first quarter. Bank of The West now owns 5,720 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 42 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Crown Castle International Corporation by 59.6% in the first quarter. Nisa Investment Advisors LLC now owns 107,490 shares of the real estate investment trust’s stock worth $10,152,000 after buying an additional 40,125 shares in the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) traded up 0.28% on Friday, reaching $104.43. The company’s stock had a trading volume of 1,189,266 shares. The stock has a market capitalization of $42.43 billion, a P/E ratio of 83.34 and a beta of 0.20. The firm has a 50 day moving average price of $100.17 and a 200 day moving average price of $96.32. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $105.05.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $1.05 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.65%. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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CCI has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $108.00 price objective (up from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Barclays PLC decreased their price objective on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, May 22nd. BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Citigroup Inc. cut Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $104.95.

In related news, Director J Landis Martin acquired 30,000 shares of the stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Crown Castle International Corporation Company 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).

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

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