Brookfield Asset Management Inc. raised its position in Crown Castle International Corporation (NYSE:CCI) by 31.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074,339 shares of the real estate investment trust’s stock after purchasing an additional 490,439 shares during the quarter. Crown Castle International Corporation accounts for approximately 1.1% of Brookfield Asset Management Inc.’s portfolio, making the stock its 11th largest holding. Brookfield Asset Management Inc. owned about 0.51% of Crown Castle International Corporation worth $207,807,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. raised its holdings in shares of Crown Castle International Corporation by 36.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares during the period. Capital Analysts LLC raised its holdings in shares of Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares during the period. Parallel Advisors LLC raised its holdings in shares of Crown Castle International Corporation by 261.5% in the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 923 shares during the period. Guardian Life Insurance Co. of America raised its holdings in shares of Crown Castle International Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 10 shares during the period. Finally, Solaris Asset Management LLC raised its holdings in shares of Crown Castle International Corporation by 5.1% in the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 90 shares during the period. Institutional investors own 82.90% of the company’s stock.

A number of equities analysts have recently commented on the company. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday. UBS AG downgraded Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a report on Monday. BidaskClub upgraded Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. CIBC restated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday. Finally, Zacks Investment Research downgraded Crown Castle International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $107.50.

Crown Castle International Corporation (NYSE CCI) traded up 1.81% during midday trading on Thursday, hitting $102.79. The stock had a trading volume of 657,796 shares. The stock has a market cap of $41.76 billion, a P/E ratio of 82.04 and a beta of 0.16. The company’s 50-day moving average price is $103.10 and its 200 day moving average price is $100.38. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.09 EPS. Crown Castle International Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Crown Castle International Corporation will post $1.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.16%. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s payout ratio is currently 304.00%.

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In related news, Director J Landis Martin purchased 30,000 shares of Crown Castle International Corporation stock in a transaction on Friday, July 28th. The stock was bought at an average price of $100.64 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by 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).

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

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