Crown Castle International Corp. (REIT) (CCI) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,848 shares of the real estate investment trust’s stock after selling 3,195 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Crown Castle International were worth $6,482,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fiduciary Trust Co. lifted its position in Crown Castle International by 0.7% in the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 21 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Crown Castle International by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares during the last quarter. FineMark National Bank & Trust lifted its position in shares of Crown Castle International by 1.2% during the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 60 shares during the last quarter. Trustmark National Bank Trust Department lifted its position in shares of Crown Castle International by 0.6% during the second quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 63 shares during the last quarter. Finally, Solaris Asset Management LLC lifted its position in shares of Crown Castle International by 5.1% during the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 90 shares during the last quarter. 94.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corp. (NYSE:CCI) traded down $2.92 during midday trading on Monday, reaching $109.63. The company had a trading volume of 1,875,502 shares, compared to its average volume of 2,359,114. The stock has a market capitalization of $45,730.00, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.64 and a beta of 0.22. Crown Castle International Corp. has a 52-week low of $81.47 and a 52-week high of $114.97. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International (NYSE:CCI) last issued its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Crown Castle International’s quarterly revenue was up 7.2% on a year-over-year basis. sell-side analysts anticipate that Crown Castle International Corp. will post 4.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.05 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.83%. Crown Castle International’s payout ratio is presently 316.67%.

Several research firms have recently weighed in on CCI. KeyCorp lifted their target price on Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Deutsche Bank lifted their target price on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International in a report on Tuesday, August 29th. Bank of America lifted their price objective on Crown Castle International from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, September 8th. Finally, Citigroup lifted their price objective on Crown Castle International from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $110.58.

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

ILLEGAL ACTIVITY NOTICE: “Crown Castle International Corp. (REIT) (CCI) Shares Sold by Manning & Napier Advisors LLC” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/04/manning-napier-advisors-llc-sells-3195-shares-of-crown-castle-international-corporation-cci.html.

Crown Castle International 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 (NYSE:CCI)

Receive News & Ratings for Crown Castle International Corp. (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corp. (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply