Trading Report: Today, Crown Castle International Corp. (CCI) Position Decreased by Oregon Public Employees Retirement Fund

Today, Crown Castle International Corp. (CCI) Position Decreased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its stake in Crown Castle International Corp. (NYSE:CCI) by 13.7% during the third quarter, Holdings Channel reports. The firm owned 34,760 shares of the real estate investment trust’s stock after selling 5,514 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Crown Castle International Corp. were worth $3,275,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CCI. Atria Investments LLC acquired a new stake in shares of Crown Castle International Corp. during the second quarter valued at about $206,000. Investment Partners Ltd. OH ADV acquired a new stake in shares of Crown Castle International Corp. during the second quarter valued at about $827,000. Quotient Investors LLC acquired a new stake in shares of Crown Castle International Corp. during the second quarter valued at about $588,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Crown Castle International Corp. by 2.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 288,011 shares of the real estate investment trust’s stock valued at $29,213,000 after buying an additional 6,167 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of Crown Castle International Corp. by 7.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 87,206 shares of the real estate investment trust’s stock valued at $8,845,000 after buying an additional 5,941 shares during the period. Institutional investors own 89.48% of the company’s stock.

Crown Castle International Corp. (NYSE:CCI) traded down 0.50% during mid-day trading on Monday, hitting $84.35. The stock had a trading volume of 3,068,301 shares. The stock has a market cap of $28.47 billion, a PE ratio of 86.78 and a beta of 0.35. The firm’s 50-day moving average price is $88.57 and its 200-day moving average price is $93.33. Crown Castle International Corp. has a 1-year low of $75.71 and a 1-year high of $102.82.

Crown Castle International Corp. (NYSE:CCI) last issued its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the consensus estimate of $1.18 by $0.09. The firm earned $992 million during the quarter, compared to analyst estimates of $968.15 million. Crown Castle International Corp. had a net margin of 9.45% and a return on equity of 4.84%. Crown Castle International Corp.’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities analysts expect 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. Stockholders of record on Friday, December 16th will be given a $0.95 dividend. This is a boost from Crown Castle International Corp.’s previous quarterly dividend of $0.89. This represents a $3.80 annualized dividend and a dividend yield of 4.50%. Crown Castle International Corp.’s payout ratio is presently 361.23%.

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

In related news, CFO Daniel K. Schlanger acquired 3,140 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average cost of $79.74 per share, for a total transaction of $250,383.60. Following the transaction, the chief financial officer now directly owns 3,140 shares in the company, valued at $250,383.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman W Benjamin Moreland sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was 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 of the company’s stock, valued at $52,452,069.56. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

About Crown Castle International Corp.

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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