Trade Report: Today: Delta Lloyd NV Reached $2,178,000 position of Crown Castle International Corp. (CCI)

Today: Delta Lloyd NV Reached $2,178,000 position  of Crown Castle International Corp. (CCI)

Delta Lloyd NV held its stake in Crown Castle International Corp. (NYSE:CCI) during the third quarter, Holdings Channel reports. The firm owned 23,115 shares of the real estate investment trust’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Crown Castle International Corp. were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Maple Brown Abbott Ltd increased its stake in Crown Castle International Corp. by 2.3% in the second quarter. Maple Brown Abbott Ltd now owns 320,968 shares of the real estate investment trust’s stock valued at $32,556,000 after buying an additional 7,210 shares during the period. Congress Asset Management Co. MA purchased a new position in shares of Crown Castle International Corp. during the second quarter valued at approximately $49,830,000. Daiwa Securities Group Inc. raised its position in shares of Crown Castle International Corp. by 42.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,252,382 shares of the real estate investment trust’s stock valued at $228,459,000 after buying an additional 671,455 shares in the last quarter. Aviance Capital Management LLC raised its position in shares of Crown Castle International Corp. by 58.2% in the second quarter. Aviance Capital Management LLC now owns 193,588 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 71,218 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp raised its position in shares of Crown Castle International Corp. by 14.3% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 126,827 shares of the real estate investment trust’s stock valued at $12,864,000 after buying an additional 15,880 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

Crown Castle International Corp. (NYSE:CCI) traded down 0.52% during midday trading on Monday, hitting $84.33. The company had a trading volume of 1,315,803 shares. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 86.76 and a beta of 0.35. The firm has a 50-day moving average price of $88.57 and a 200-day moving average price of $93.33. Crown Castle International Corp. has a 12 month low of $75.71 and a 12 month high of $102.82.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a dividend of $0.95 per share. This is a positive change from Crown Castle International Corp.’s previous quarterly dividend of $0.89. This represents a $3.80 annualized dividend and a yield of 4.50%. Crown Castle International Corp.’s dividend payout ratio is presently 361.23%.

CCI has been the topic of several research reports. Zacks Investment Research upgraded Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a research note on Monday, September 26th. Citigroup Inc. cut their price target on Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 16th. SunTrust Banks Inc. initiated coverage on Crown Castle International Corp. in a research note on Monday, September 12th. They set a “buy” rating and a $107.00 price target on the stock. Oppenheimer Holdings Inc. upgraded Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, September 6th. Finally, Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research note on Monday, August 22nd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $103.21.

In other Crown Castle International Corp. news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $98.23, for a total value of $4,911,500.00. Following the sale, the insider now owns 533,972 shares of the company’s stock, valued at approximately $52,452,069.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Mckenzie sold 1,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $93.07, for a total value of $93,070.00. Following the completion of the sale, the director now directly owns 28,741 shares in the company, valued at approximately $2,674,924.87. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

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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