ProShare Advisors LLC Has $12.53 Million Position in Crown Castle International Corporation (CCI)

ProShare Advisors LLC lessened its holdings in Crown Castle International Corporation (NYSE:CCI) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,106 shares of the real estate investment trust’s stock after selling 1,665 shares during the quarter. ProShare Advisors LLC’s holdings in Crown Castle International Corporation were worth $12,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. raised its position in Crown Castle International Corporation by 4.2% in the 2nd quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after purchasing an additional 975,757 shares during the period. Vanguard Group Inc. raised its position in Crown Castle International Corporation by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock worth $2,217,770,000 after purchasing an additional 901,833 shares during the period. State Street Corp raised its position in Crown Castle International Corporation by 1.0% in the 1st quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after purchasing an additional 147,313 shares during the period. Morgan Stanley raised its position in Crown Castle International Corporation by 2.1% in the 1st quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after purchasing an additional 158,840 shares during the period. Finally, Jennison Associates LLC raised its position 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 worth $782,016,000 after purchasing an additional 6,901,353 shares during the period. Institutional investors own 82.98% of the company’s stock.

Crown Castle International Corporation (NYSE CCI) traded up 0.64% during trading on Friday, hitting $105.48. 2,987,845 shares of the company’s stock were exchanged. The company has a market cap of $42.85 billion, a price-to-earnings ratio of 84.18 and a beta of 0.18. The firm has a 50 day moving average price of $104.28 and a 200 day moving average price of $98.78. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last released its 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. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.05 EPS. On average, equities research analysts predict that Crown Castle International Corporation will post $1.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.60%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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In other news, Director J Landis Martin bought 30,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

CCI has been the topic of a number of analyst reports. Bank of America Corporation lifted their target price on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Citigroup Inc. lifted their target price on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Deutsche Bank AG lifted their target price on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus price target of $106.45.

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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