Crown Castle International Corporation (NYSE:CCI) Shares Bought by Solaris Asset Management LLC

Solaris Asset Management LLC increased its stake in Crown Castle International Corporation (NYSE:CCI) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,855 shares of the real estate investment trust’s stock after buying an additional 90 shares during the period. Solaris Asset Management LLC’s holdings in Crown Castle International Corporation were worth $186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CCI. BB&T Corp increased its position in shares of Crown Castle International Corporation by 188.2% in the first quarter. BB&T Corp now owns 89,579 shares of the real estate investment trust’s stock valued at $8,462,000 after buying an additional 58,501 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after buying an additional 44,430 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares in the last quarter. Norinchukin Bank The increased its position in shares of Crown Castle International Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

Crown Castle International Corporation (CCI) traded down 0.02% during mid-day trading on Friday, hitting $104.12. The stock had a trading volume of 3,524,965 shares. The stock has a market cap of $42.30 billion, a PE ratio of 83.10 and a beta of 0.20. The firm’s 50-day moving average is $100.29 and its 200 day moving average is $96.45. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $105.05.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Equities research analysts expect that Crown Castle International Corporation will post $1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 yield of 3.65%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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Several research analysts recently issued reports on CCI shares. Deutsche Bank AG restated a “buy” rating and set a $108.00 price objective (up from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Citigroup Inc. cut their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Friday, July 21st. BidaskClub downgraded Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price target for the company in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.95.

In other news, Director J Landis Martin bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were 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 directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

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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