Canada Pension Plan Investment Board raised its stake in Crown Castle International Corporation (NYSE:CCI) by 26.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 926,023 shares of the real estate investment trust’s stock after buying an additional 194,704 shares during the period. Canada Pension Plan Investment Board owned approximately 0.25% of Crown Castle International Corporation worth $92,769,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Pointe Capital Management LLC acquired a new stake in shares of Crown Castle International Corporation during the second quarter valued at about $355,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Crown Castle International Corporation during the second quarter valued at about $4,793,000. Stoneridge Investment Partners LLC increased its stake in shares of Crown Castle International Corporation by 10.4% in the second quarter. Stoneridge Investment Partners LLC now owns 73,998 shares of the real estate investment trust’s stock valued at $7,413,000 after buying an additional 6,950 shares in the last quarter. Solaris Asset Management LLC increased its stake in shares of Crown Castle International Corporation by 5.1% in the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 90 shares in the last quarter. Finally, Summit Financial Group Inc. acquired a new stake in shares of Crown Castle International Corporation during the second quarter valued at about $220,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corporation (NYSE CCI) opened at 100.77 on Thursday. The stock has a market capitalization of $36.89 billion, a P/E ratio of 80.42 and a beta of 0.20. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $104.68. The stock’s 50 day moving average price is $99.80 and its 200-day moving average price is $95.74.

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 analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Equities research analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.95 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. reduced their price objective on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Macquarie reissued a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Jefferies Group LLC reissued 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, BidaskClub downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $104.95.

In other news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James D. Young sold 24,646 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the sale, the chief operating officer now owns 140,006 shares in the company, valued at $13,650,585. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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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