Crown Castle International Corporation (CCI) Stake Increased by Sei Investments Co.

Sei Investments Co. raised 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 about 0.16% of Crown Castle International Corporation worth $57,909,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. 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 in the last quarter. First American Bank boosted its position in Crown Castle International Corporation by 40.2% in the first quarter. First American Bank now owns 24,774 shares of the real estate investment trust’s stock valued at $2,340,000 after buying an additional 7,100 shares in the last quarter. WCM Investment Management CA boosted its position in Crown Castle International Corporation by 1.1% in the first quarter. WCM Investment Management CA now owns 464,156 shares of the real estate investment trust’s stock valued at $43,840,000 after buying an additional 4,836 shares in the last quarter. 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 in the last quarter. Finally, Dynamic Advisors Solutions LLC acquired a new position in Crown Castle International Corporation during the first quarter valued at $4,097,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (CCI) opened at 100.85 on Friday. The firm’s 50-day moving average is $99.86 and its 200 day moving average is $95.87. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $104.68. The firm has a market capitalization of $40.97 billion, a P/E ratio of 80.49 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. Crown Castle International Corporation’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. On average, equities research analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.95 per share. 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 payout ratio is currently 304.00%.

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CCI has been the topic of several research reports. Macquarie restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a report on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Crown Castle International Corporation in a research note 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. Finally, BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently 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 purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James D. Young sold 24,646 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 140,006 shares in the company, valued at $13,650,585. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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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