Rhumbline Advisers boosted its stake in Crown Castle International Corporation (NYSE:CCI) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 691,503 shares of the real estate investment trust’s stock after buying an additional 171 shares during the period. Rhumbline Advisers’ holdings in Crown Castle International Corporation were worth $69,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Middleton & Co Inc MA purchased a new stake in shares of Crown Castle International Corporation during the first quarter valued at about $209,000. Nisa Investment Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 59.6% in the first quarter. Nisa Investment Advisors LLC now owns 107,490 shares of the real estate investment trust’s stock valued at $10,152,000 after buying an additional 40,125 shares during the period. Bank of The West boosted its stake in shares of Crown Castle International Corporation by 0.7% in the first quarter. Bank of The West now owns 5,720 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 42 shares during the period. DnB Asset Management AS boosted its stake in shares of Crown Castle International Corporation by 28.7% in the first quarter. DnB Asset Management AS now owns 37,648 shares of the real estate investment trust’s stock valued at $3,556,000 after buying an additional 8,400 shares during the period. Finally, National Investment Services Inc. WI boosted its stake in shares of Crown Castle International Corporation by 22.2% in the first quarter. National Investment Services Inc. WI now owns 23,161 shares of the real estate investment trust’s stock valued at $2,188,000 after buying an additional 4,207 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 100.71 on Friday. The company’s 50-day moving average price is $99.83 and its 200 day moving average price is $95.77. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $104.68. The stock has a market cap of $40.92 billion, a price-to-earnings ratio of 80.38 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.05 EPS. Crown Castle International Corporation’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.77%. Crown Castle International Corporation’s payout ratio is 304.00%.

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Several brokerages have recently issued reports on CCI. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Citigroup Inc. cut Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Deutsche Bank AG upped their price objective on Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Crown Castle International Corporation has a consensus rating of “Buy” and an average target price of $104.95.

In related news, Director J Landis Martin bought 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the transaction, the director now directly owns 28,953 shares of the company’s stock, valued at $2,793,385.44. 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).

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

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