Cubist Systematic Strategies LLC reduced its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 71.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,008 shares of the real estate investment trust’s stock after selling 19,697 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Crown Castle International Corporation were worth $802,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America grew its stake in shares of Crown Castle International Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. Fiduciary Trust Co. grew its stake in shares of Crown Castle International Corporation by 0.7% during the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 21 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Crown Castle International Corporation by 0.7% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 50 shares during the last quarter. Capital Analysts LLC grew its stake in shares of Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares during the last quarter. Finally, FineMark National Bank & Trust grew its stake in shares of Crown Castle International Corporation by 1.2% during the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 60 shares during the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director J Landis Martin bought 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

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Shares of Crown Castle International Corporation (CCI) opened at 101.85 on Tuesday. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 81.28 and a beta of 0.17. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The firm has a 50-day moving average of $103.48 and a 200 day moving average of $100.27.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. On average, equities research analysts predict that Crown Castle International Corporation will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

A number of brokerages have recently issued reports on CCI. UBS AG cut Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday. CIBC reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday. Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 target price on the stock in a research note on Wednesday, September 20th. Finally, BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus price target of $107.50.

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).

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Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

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