CIBC Asset Management Inc Has $8.79 Million Holdings in Crown Castle International Corporation (CCI)

CIBC Asset Management Inc grew its position in shares of Crown Castle International Corporation (NYSE:CCI) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,908 shares of the real estate investment trust’s stock after purchasing an additional 4,361 shares during the period. CIBC Asset Management Inc’s holdings in Crown Castle International Corporation were worth $8,789,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Crown Castle International Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock worth $2,441,666,000 after acquiring an additional 891,908 shares during the last quarter. BlackRock Inc. boosted its position in shares of Crown Castle International Corporation by 4.2% in the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after acquiring an additional 975,757 shares during the last quarter. Capital World Investors boosted its position in shares of Crown Castle International Corporation by 12.6% in the second quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock worth $2,317,446,000 after acquiring an additional 2,584,490 shares during the last quarter. Capital International Investors boosted its position in shares of Crown Castle International Corporation by 10.4% in the second quarter. Capital International Investors now owns 8,445,600 shares of the real estate investment trust’s stock worth $846,080,000 after acquiring an additional 793,400 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Crown Castle International Corporation by 3.0% in the third quarter. Jennison Associates LLC now owns 8,042,148 shares of the real estate investment trust’s stock worth $804,054,000 after acquiring an additional 236,039 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

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Crown Castle International Corporation (CCI) traded down $0.28 during midday trading on Tuesday, reaching $112.62. 232,553 shares of the company traded hands, compared to its average volume of 2,398,822. The stock has a market capitalization of $46,022.84, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.20. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $114.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. sell-side analysts anticipate that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.73%. This is a positive change from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

Several equities research analysts recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Crown Castle International Corporation in a research report on Tuesday, October 31st. Royal Bank Of Canada reissued 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. Bank of America Corporation raised 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. Citigroup Inc. raised 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. Finally, BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus target price of $110.04.

In other news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International Corporation stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the sale, the vice president now owns 91,808 shares in the company, valued at $10,382,566.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Crown Castle International Corporation 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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