Crown Castle International Corporation (CCI) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC trimmed its position in shares of Crown Castle International Corporation (NYSE:CCI) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,800,851 shares of the real estate investment trust’s stock after selling 279,934 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.49% of Crown Castle International Corporation worth $180,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CCI. Swiss National Bank grew its stake in Crown Castle International Corporation by 28.8% during the first quarter. Swiss National Bank now owns 1,714,749 shares of the real estate investment trust’s stock worth $161,958,000 after buying an additional 383,600 shares during the last quarter. World Asset Management Inc grew its stake in Crown Castle International Corporation by 16.0% during the first quarter. World Asset Management Inc now owns 44,248 shares of the real estate investment trust’s stock worth $4,179,000 after buying an additional 6,103 shares during the last quarter. Connable Office Inc. grew its stake in Crown Castle International Corporation by 44.7% during the first quarter. Connable Office Inc. now owns 29,986 shares of the real estate investment trust’s stock worth $2,832,000 after buying an additional 9,262 shares during the last quarter. British Columbia Investment Management Corp grew its stake in Crown Castle International Corporation by 15.1% during the first quarter. British Columbia Investment Management Corp now owns 201,745 shares of the real estate investment trust’s stock worth $19,055,000 after buying an additional 26,416 shares during the last quarter. Finally, Community Bank & Trust Waco Texas grew its stake in Crown Castle International Corporation by 1.6% during the first quarter. Community Bank & Trust Waco Texas now owns 26,018 shares of the real estate investment trust’s stock worth $2,457,000 after buying an additional 418 shares during the last quarter. 82.98% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (CCI) traded down 1.28% during mid-day trading on Wednesday, hitting $104.85. 274,364 shares of the stock traded hands. The stock has a market capitalization of $42.60 billion, a PE ratio of 83.68 and a beta of 0.18. The company has a 50 day moving average price of $103.62 and a 200-day moving average price of $98.50. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. Equities analysts anticipate that Crown Castle International Corporation will post $1.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is 304.00%.

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CCI has been the topic of several research analyst reports. Barclays PLC decreased their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, May 22nd. Deutsche Bank AG upped their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus price target of $106.45.

In related news, Director J Landis Martin acquired 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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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