WCM Investment Management CA increased its stake in Crown Castle International Corp. (REIT) (NYSE:CCI) by 21.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 564,835 shares of the real estate investment trust’s stock after buying an additional 100,679 shares during the period. Crown Castle International Corp. (REIT) comprises approximately 0.9% of WCM Investment Management CA’s portfolio, making the stock its 19th largest position. WCM Investment Management CA owned about 0.15% of Crown Castle International Corp. (REIT) worth $56,585,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Crown Castle International Corp. (REIT) by 4.0% in the first quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock valued at $2,217,770,000 after buying an additional 901,833 shares in the last quarter. BlackRock Inc. raised its stake in shares of Crown Castle International Corp. (REIT) by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after buying an additional 22,272,827 shares in the last quarter. State Street Corp raised its stake in shares of Crown Castle International Corp. (REIT) by 1.0% in the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock valued at $1,394,708,000 after buying an additional 147,313 shares in the last quarter. Morgan Stanley raised its stake in shares of Crown Castle International Corp. (REIT) by 2.1% in the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock valued at $742,417,000 after buying an additional 158,840 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Crown Castle International Corp. (REIT) by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock valued at $377,668,000 after buying an additional 1,043,700 shares in the last quarter. 84.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corp. (CCI) traded up 0.43% during trading on Thursday, reaching $104.24. 113,860 shares of the company traded hands. The company’s 50-day moving average price is $100.08 and its 200-day moving average price is $96.27. The company has a market capitalization of $42.35 billion, a P/E ratio of 83.19 and a beta of 0.20. Crown Castle International Corp. has a 52 week low of $79.38 and a 52 week high of $105.05.

Crown Castle International Corp. (REIT) (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corp. (REIT) had a net margin of 11.14% and a return on equity of 6.21%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $1.05 earnings per share. Crown Castle International Corp. (REIT)’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Crown Castle International Corp. will post $1.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corp. (REIT)’s dividend payout ratio (DPR) is presently 304.00%.

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Several analysts have commented on CCI shares. Zacks Investment Research lowered shares of Crown Castle International Corp. (REIT) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Crown Castle International Corp. (REIT) in a research report on Monday, July 10th. BidaskClub lowered shares of Crown Castle International Corp. (REIT) from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Citigroup Inc. lowered shares of Crown Castle International Corp. (REIT) to a “market perform” rating in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corp. (REIT) in a research report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $104.95.

In other Crown Castle International Corp. (REIT) news, Director J Landis Martin bought 30,000 shares of the business’s 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 completion of the acquisition, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company’s stock.

Crown Castle International Corp. (REIT) Company Profile

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 Corp. (REIT) (NYSE:CCI)

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