Tocqueville Asset Management L.P. increased its position in Crown Castle International Corp (NYSE:CCI) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,385 shares of the real estate investment trust’s stock after buying an additional 19,250 shares during the period. Tocqueville Asset Management L.P.’s holdings in Crown Castle International Corp were worth $14,341,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CCI. Capital Analysts LLC boosted its stake in shares of Crown Castle International Corp by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 7 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Crown Castle International Corp during the first quarter valued at about $165,000. Financial Architects Inc raised its position in shares of Crown Castle International Corp by 247.9% in the second quarter. Financial Architects Inc now owns 1,945 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,386 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Crown Castle International Corp by 1.9% in the second quarter. NEXT Financial Group Inc now owns 1,972 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 36 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in shares of Crown Castle International Corp during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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

Shares of Crown Castle International Corp (NYSE:CCI) traded up 0.21% during trading on Friday, reaching $92.01. The company’s stock had a trading volume of 1,661,593 shares. The firm has a market capitalization of $31.06 billion, a P/E ratio of 92.66 and a beta of 0.27. Crown Castle International Corp has a 52 week low of $75.71 and a 52 week high of $102.82. The company has a 50 day moving average price of $93.13 and a 200 day moving average price of $93.06.

Crown Castle International Corp (NYSE:CCI) last announced its quarterly earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.16. The company earned $962.40 million during the quarter, compared to the consensus estimate of $948.85 million. Crown Castle International Corp had a return on equity of 4.84% and a net margin of 9.78%. On average, equities research analysts expect that Crown Castle International Corp will post $4.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Wednesday, September 14th. Crown Castle International Corp’s dividend payout ratio (DPR) is currently 354.00%.

Several brokerages recently issued reports on CCI. Jefferies Group reaffirmed a “buy” rating on shares of Crown Castle International Corp in a research report on Saturday, August 6th. Zacks Investment Research raised Crown Castle International Corp from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, July 26th. BTIG Research lowered Crown Castle International Corp from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 19th. Stifel Nicolaus upped their target price on Crown Castle International Corp from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Finally, Barclays PLC reduced their target price on Crown Castle International Corp from $100.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 21st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $102.19.

In other news, Director Robert F. Mckenzie sold 1,000 shares of Crown Castle International Corp stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $93.07, for a total transaction of $93,070.00. Following the sale, the director now owns 28,741 shares in the company, valued at $2,674,924.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman W Benjamin Moreland sold 50,000 shares of Crown Castle International Corp stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $98.23, for a total value of $4,911,500.00. Following the sale, the insider now owns 533,972 shares in the company, valued at approximately $52,452,069.56. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

About Crown Castle International Corp

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).

5 Day Chart for NYSE:CCI

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