Smith Asset Management Group LP lowered its position in Crown Castle International Corporation (NYSE:CCI) by 15.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,070 shares of the real estate investment trust’s stock after selling 10,620 shares during the period. Smith Asset Management Group LP’s holdings in Crown Castle International Corporation were worth $5,617,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Crown Castle International Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,442 shares of the real estate investment trust’s stock worth $12,708,000 after buying an additional 11,875 shares during 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 during the last quarter. Creative Planning boosted its position in shares of Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 3,098 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Crown Castle International Corporation by 5.1% in the first quarter. Bank of Montreal Can now owns 613,353 shares of the real estate investment trust’s stock worth $57,932,000 after buying an additional 29,998 shares during the last quarter. Finally, Atria Investments LLC boosted its position in shares of Crown Castle International Corporation by 108.4% in the first quarter. Atria Investments LLC now owns 6,955 shares of the real estate investment trust’s stock worth $657,000 after buying an additional 3,617 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Crown Castle International Corporation (NYSE CCI) opened at 100.85 on Friday. The stock has a 50 day moving average of $99.86 and a 200-day moving average of $95.87. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 80.49 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Crown Castle International Corporation will post $1.17 EPS 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 given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

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

In other news, Director Robert F. Mckenzie sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the sale, the director now directly owns 28,953 shares of the company’s stock, valued at $2,793,385.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James D. Young sold 24,646 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the completion of the sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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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