Crown Castle International Corporation (NYSE:CCI) Position Raised by Sei Investments Co.

Sei Investments Co. boosted its stake in Crown Castle International Corporation (NYSE:CCI) by 27.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 578,058 shares of the real estate investment trust’s stock after buying an additional 125,029 shares during the period. Sei Investments Co. owned approximately 0.16% of Crown Castle International Corporation worth $57,909,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its position in shares of Crown Castle International Corporation by 36.0% in 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 buying an additional 278 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares in the last quarter. First Personal Financial Services raised its position in Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 1,574 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Crown Castle International Corporation during the first quarter worth $165,000. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE CCI) traded up 0.14% during midday trading on Friday, reaching $100.85. 1,985,288 shares of the company’s stock traded hands. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $104.68. The stock’s 50-day moving average price is $99.86 and its 200 day moving average price is $95.87. The firm has a market capitalization of $40.97 billion, a PE ratio of 80.49 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The business 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%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. On average, equities research analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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A number of research firms have weighed in on CCI. Deutsche Bank AG raised their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Barclays PLC dropped their price target on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, May 22nd. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. decreased 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 report on Friday, July 21st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $104.95.

In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was acquired 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 directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James D. Young sold 24,646 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the sale, the chief operating officer now owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is owned by 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).

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

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