Strs Ohio cut its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,760 shares of the real estate investment trust’s stock after selling 8,530 shares during the period. Strs Ohio owned approximately 0.06% of Crown Castle International Corporation worth $20,713,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCI. Guardian Life Insurance Co. of America boosted its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 10 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Crown Castle International Corporation by 1.0% in the first quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 17 shares in the last quarter. Bank of The West boosted its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Bank of The West now owns 5,720 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 42 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Crown Castle International Corporation by 0.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock worth $764,000 after buying an additional 50 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Crown Castle International Corporation by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,470 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 76 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corporation (NYSE CCI) traded up 0.14% during midday trading on Friday, hitting $100.85. The stock had a trading volume of 1,985,288 shares. The firm has a market cap of $40.97 billion, a PE ratio of 80.49 and a beta of 0.20. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $104.68. The firm has a 50-day moving average of $99.86 and a 200 day moving average of $95.87.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. On average, analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.77%. Crown Castle International Corporation’s payout ratio is currently 304.00%.

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CCI has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, April 18th. Deutsche Bank AG reiterated a “buy” rating and set a $108.00 price objective (up previously from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Barclays PLC lowered their price target on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 22nd. BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Citigroup Inc. cut Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $104.95.

In other Crown Castle International Corporation news, COO James D. Young sold 24,646 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the transaction, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The disclosure for this purchase can be found here. Company insiders own 0.41% of the company’s stock.

About Crown Castle International Corporation

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 Corporation (NYSE:CCI)

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