SG Americas Securities LLC increased its stake in Crown Castle International Corporation (NYSE:CCI) by 24.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,876 shares of the real estate investment trust’s stock after buying an additional 12,101 shares during the period. SG Americas Securities LLC’s holdings in Crown Castle International Corporation were worth $6,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Crown Castle International Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,442 shares of the real estate investment trust’s stock valued at $12,708,000 after buying an additional 11,875 shares in the last quarter. Creative Planning boosted its stake in shares of Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock valued at $830,000 after buying an additional 3,098 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter. 84.16% of the stock is owned by institutional investors.

Shares of Crown Castle International Corporation (CCI) opened at 104.14 on Friday. The company has a 50-day moving average of $100.17 and a 200 day moving average of $96.32. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $105.05. The firm has a market cap of $42.31 billion, a PE ratio of 83.11 and a beta of 0.20.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 yield of 3.65%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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Several analysts have recently issued reports on the stock. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Finally, Barclays PLC reduced their price target on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $104.95.

In related news, Director J Landis Martin purchased 30,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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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