Duff & Phelps Investment Management Co. raised its stake in Crown Castle International Corp. (NYSE:CCI) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 985,940 shares of the real estate investment trust’s stock after buying an additional 56,750 shares during the period. Crown Castle International Corp. accounts for about 1.3% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 18th largest position. Duff & Phelps Investment Management Co. owned about 0.29% of Crown Castle International Corp. worth $92,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC raised its position in shares of Crown Castle International Corp. by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 7 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of Crown Castle International Corp. by 846.6% in the second quarter. FineMark National Bank & Trust now owns 1,117 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 999 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Crown Castle International Corp. by 309.7% in the second quarter. CENTRAL TRUST Co now owns 1,229 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 929 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Crown Castle International Corp. during the second quarter valued at about $136,000. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Crown Castle International Corp. by 10.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,102 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 200 shares during the last quarter. Institutional investors own 89.48% of the company’s stock.

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

Crown Castle International Corp. (NYSE:CCI) opened at 84.35 on Tuesday. Crown Castle International Corp. has a 12-month low of $75.71 and a 12-month high of $102.82. The stock has a market cap of $28.47 billion, a P/E ratio of 86.78 and a beta of 0.35. The company has a 50 day moving average of $88.45 and a 200-day moving average of $93.33.

Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by $0.09. The firm earned $992 million during the quarter, compared to the consensus estimate of $968.15 million. Crown Castle International Corp. had a return on equity of 4.84% and a net margin of 9.45%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Equities analysts forecast that Crown Castle International Corp. will post $4.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This is an increase from Crown Castle International Corp.’s previous quarterly dividend of $0.89. This represents a $3.80 dividend on an annualized basis and a yield of 4.50%. Crown Castle International Corp.’s payout ratio is currently 361.23%.

ILLEGAL ACTIVITY WARNING: “Duff & Phelps Investment Management Co. Increases Stake in Crown Castle International Corp. (CCI)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2016/11/29/duff-phelps-investment-management-co-increases-stake-in-crown-castle-international-corp-cci.html.

CCI has been the subject of a number of analyst reports. Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research note on Saturday, August 6th. Oppenheimer Holdings Inc. upgraded shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, September 6th. SunTrust Banks Inc. initiated coverage on shares of Crown Castle International Corp. in a research note on Monday, September 12th. They set a “buy” rating and a $107.00 price objective for the company. Citigroup Inc. reduced their price objective on shares of Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 16th. Finally, Zacks Investment Research upgraded shares of Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research note on Monday, September 26th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $103.21.

In other news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total transaction of $4,911,500.00. Following the transaction, the insider now owns 533,972 shares in the company, valued at $52,452,069.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel K. Schlanger acquired 3,140 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were bought at an average price of $79.74 per share, for a total transaction of $250,383.60. Following the acquisition, the chief financial officer now owns 3,140 shares of the company’s stock, valued at $250,383.60. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

Crown Castle International Corp. 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).

5 Day Chart for NYSE:CCI

Receive News & Stock Ratings for Crown Castle International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corp. and related stocks with our FREE daily email newsletter.