IBM Retirement Fund Purchases 4,933 Shares of Crown Castle International Corporation (CCI)

IBM Retirement Fund raised its stake in Crown Castle International Corporation (NYSE:CCI) by 123.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,941 shares of the real estate investment trust’s stock after buying an additional 4,933 shares during the period. IBM Retirement Fund’s holdings in Crown Castle International Corporation were worth $1,001,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CCI. BlackRock Inc. boosted its position in shares of Crown Castle International Corporation by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after buying an additional 22,272,827 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in shares of Crown Castle International Corporation by 2,367.1% in the first 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. Renaissance Technologies LLC boosted its position in shares of Crown Castle International Corporation by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock valued at $377,668,000 after buying an additional 1,043,700 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Crown Castle International Corporation by 7,113.1% in the first quarter. Wellington Management Group LLP now owns 998,949 shares of the real estate investment trust’s stock valued at $94,352,000 after buying an additional 985,100 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of Crown Castle International Corporation by 67.7% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,241,966 shares of the real estate investment trust’s stock valued at $211,754,000 after buying an additional 905,260 shares in the last quarter. 84.16% of the stock is currently owned by institutional investors.

Shares of Crown Castle International Corporation (CCI) opened at 104.12 on Friday. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $105.05. The firm has a 50-day moving average of $100.29 and a 200-day moving average of $96.45. The firm has a market capitalization of $42.30 billion, a PE ratio of 83.10 and a beta of 0.20.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.65%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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Several equities analysts have recently issued reports on CCI shares. Zacks Investment Research raised shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “buy” rating and issued a $108.00 target price (up from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Macquarie reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Barclays PLC dropped their target price 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $104.95.

In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by corporate 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).

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

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