Capital Analysts LLC increased its position in Crown Castle International Corporation (NYSE:CCI) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,113 shares of the real estate investment trust’s stock after buying an additional 53 shares during the period. Capital Analysts LLC’s holdings in Crown Castle International Corporation were worth $112,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. MA boosted its stake in Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock worth $42,680,000 after buying an additional 44,430 shares in the last quarter. Prudential Financial Inc. boosted its stake in Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares during the period. Norinchukin Bank The boosted its stake in Crown Castle International Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares during the period. Wetherby Asset Management Inc. boosted its stake in Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in Crown Castle International Corporation by 205.3% in the first quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,585 shares during the period. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Crown Castle International Corporation (NYSE CCI) opened at 107.27 on Thursday. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 85.61 and a beta of 0.20. The firm’s 50-day moving average price is $101.21 and its 200-day moving average price is $97.11. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $107.89.

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 company had revenue of $1.04 billion for 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 business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Equities research analysts predict that Crown Castle International Corporation will post $1.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.95 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.54%. Crown Castle International Corporation’s payout ratio is 304.00%.

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Several analysts have commented on CCI shares. BidaskClub upgraded Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Finally, Citigroup Inc. lowered Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus price target of $106.05.

In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by company 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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