Uniplan Investment Counsel Lowers stake in Crown Castle International Corp (CCI)

Crown Castle International Corp (CCI) : Uniplan Investment Counsel reduced its stake in Crown Castle International Corp by 2.24% during the most recent quarter end. The investment management company now holds a total of 635,149 shares of Crown Castle International Corp which is valued at $61,304,581 after selling 14,572 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Crown Castle International Corp makes up approximately 2.72% of Uniplan Investment Counsel’s portfolio.

Other Hedge Funds, Including , Johnson Investment Counsel Inc added CCI to its portfolio by purchasing 5,950 company shares during the most recent quarter which is valued at $574,294. Crown Castle International Corp makes up approx 0.02% of Johnson Investment Counsel Inc’s portfolio.Wetherby Asset Management Inc boosted its stake in CCI in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 3,798 shares of Crown Castle International Corp which is valued at $366,583. Crown Castle International Corp makes up approx 0.08% of Wetherby Asset Management Inc’s portfolio.Great West Life Assurance Co Can boosted its stake in CCI in the latest quarter, The investment management firm added 58,355 additional shares and now holds a total of 294,292 shares of Crown Castle International Corp which is valued at $28,284,404. Crown Castle International Corp makes up approx 0.08% of Great West Life Assurance Co Can’s portfolio.Checchi Capital Advisers boosted its stake in CCI in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 3,946 shares of Crown Castle International Corp which is valued at $390,141. Crown Castle International Corp makes up approx 0.10% of Checchi Capital Advisers’s portfolio.Hartford Investment Management Co reduced its stake in CCI by selling 909 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 104,840 shares of CCI which is valued at $10,365,531. Crown Castle International Corp makes up approx 0.21% of Hartford Investment Management Co’s portfolio.

Crown Castle International Corp (CCI) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $93.88 and reached the intraday high at $94.29. The bulls started the profit booking and pushed the shares to intraday low of $93.65. The trading session was marked by a volume range of 12,15,316 shares exchanging hands. The 52-week high of the shares is $102.82 and the 52-week low is $75.714. The market cap of the company stands at $31,633 M and there are 33,75,63,470 shares in public circulation.

On the company’s financial health, Crown Castle International Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.04. The company had revenue of $934.40 million for the quarter, compared to analysts expectations of $934.83 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Investors should note that on Aug 2, 2016, Crown Castle International Corp announced a cash dividend of $0.8850. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Crown Castle International Corp. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $103 .Company shares were Downgraded by Citigroup on Jul 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $94 .

Crown 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). Its core business is renting space or physical capacity (collectively space) on its towers DAS and to a lesser extent third party land interests (collectively site rental business) through long-term contracts in various forms including license sublease and lease agreements (collectively contracts). The Company conducts its operations principally through subsidiaries of (CCOC) including certain subsidiaries which operate its wireless infrastructure portfolios in the United States including Puerto Rico (CCUSA).

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