Crown Castle International Corporation (CCI) Stake Raised by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Crown Castle International Corporation (NYSE:CCI) by 347.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,620 shares of the real estate investment trust’s stock after acquiring an additional 99,076 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Crown Castle International Corporation were worth $12,759,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in Crown Castle International Corporation by 762.8% in the 2nd quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock valued at $782,016,000 after buying an additional 6,901,353 shares in the last quarter. Janus Henderson Group PLC lifted its stake 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 valued at $556,464,000 after buying an additional 5,333,700 shares in the last quarter. Capital World Investors lifted its stake in Crown Castle International Corporation by 12.6% in 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 buying an additional 2,584,490 shares in the last quarter. PointState Capital LP purchased a new position in Crown Castle International Corporation in the 2nd quarter valued at about $188,265,000. Finally, Brookfield Asset Management Inc. lifted its stake in Crown Castle International Corporation by 2,367.1% in the 1st quarter. Brookfield Asset Management Inc. now owns 1,583,900 shares of the real estate investment trust’s stock valued at $149,599,000 after buying an additional 1,519,700 shares in the last quarter. 82.82% of the stock is currently owned by institutional investors and hedge funds.

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CCI has been the topic of a number of research reports. Macquarie reaffirmed a “buy” rating and issued a $119.00 price target on shares of Crown Castle International Corporation in a research note on Sunday, October 22nd. Bank of America Corporation raised their price target on shares of 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 reaffirmed a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Citigroup Inc. raised their price target on shares of 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. Eight investment analysts have rated the stock with 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 presently has a consensus rating of “Buy” and a consensus target price of $110.04.

Shares of Crown Castle International Corporation (CCI) traded up 0.55% during mid-day trading on Tuesday, hitting $106.69. 409,125 shares of the stock were exchanged. The company has a 50-day moving average of $102.56 and a 200 day moving average of $100.95. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $110.66. The stock has a market cap of $43.34 billion, a PE ratio of 85.15 and a beta of 0.17.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.07). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. On average, equities analysts predict that Crown Castle International Corporation will post $1.06 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a yield of 3.96%. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

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).

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

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