Duff & Phelps Investment Management Co. lowered its position in shares of Crown Castle International Corp. (NYSE:CCI) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 929,190 shares of the real estate investment trust’s stock after selling 1,915 shares during the period. Crown Castle International Corp. makes up approximately 1.4% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 15th largest position. Duff & Phelps Investment Management Co. owned about 0.28% of Crown Castle International Corp. worth $94,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCI. Sumitomo Mitsui Asset Management Company LTD increased its position in Crown Castle International Corp. by 4.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,936 shares of the real estate investment trust’s stock worth $2,630,000 after buying an additional 1,111 shares in the last quarter. Henderson Group PLC increased its stake in Crown Castle International Corp. by 62.6% in the second quarter. Henderson Group PLC now owns 66,810 shares of the real estate investment trust’s stock worth $6,776,000 after buying an additional 25,727 shares during the period. Huntington National Bank increased its stake in Crown Castle International Corp. by 5,764.6% in the second quarter. Huntington National Bank now owns 117,291 shares of the real estate investment trust’s stock worth $11,897,000 after buying an additional 115,291 shares during the period. Community Bank & Trust Waco Texas increased its stake in Crown Castle International Corp. by 5.1% in the second quarter. Community Bank & Trust Waco Texas now owns 25,782 shares of the real estate investment trust’s stock worth $2,615,000 after buying an additional 1,256 shares during the period. Finally, FNY Managed Accounts LLC acquired a new stake in Crown Castle International Corp. during the second quarter worth about $203,000. 96.85% of the stock is owned by institutional investors.

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

Crown Castle International Corp. (NYSE:CCI) traded down 0.18% during midday trading on Tuesday, hitting $91.82. The company had a trading volume of 2,325,199 shares. The company’s 50 day moving average is $93.02 and its 200-day moving average is $93.24. The company has a market cap of $30.99 billion, a P/E ratio of 92.47 and a beta of 0.27. Crown Castle International Corp. has a one year low of $75.71 and a one year high of $102.82.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.885 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $3.54 annualized dividend and a yield of 3.86%. Crown Castle International Corp.’s payout ratio is 354.00%.

A number of analysts recently issued reports on CCI shares. Citigroup Inc. downgraded shares of Crown Castle International Corp. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $94.00 to $109.00 in a research report on Monday, July 11th. BTIG Research downgraded shares of Crown Castle International Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 19th. Barclays PLC decreased their price target on Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating for the company in a report on Thursday, July 21st. Stifel Nicolaus upped their price target on Crown Castle International Corp. from $103.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $103.00 price target on shares of Crown Castle International Corp. in a report on Friday, July 22nd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.19.

In other news, Director Robert F. Mckenzie sold 1,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $93.07, for a total transaction of $93,070.00. Following the completion of the sale, the director now owns 28,741 shares in the company, valued at $2,674,924.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman W Benjamin Moreland sold 50,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $52,452,069.56. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

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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