Stoneridge Investment Partners LLC increased its stake in Crown Castle International Corporation (NYSE:CCI) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,998 shares of the real estate investment trust’s stock after buying an additional 6,950 shares during the period. Crown Castle International Corporation comprises approximately 1.1% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 26th largest position. Stoneridge Investment Partners LLC’s holdings in Crown Castle International Corporation were worth $7,413,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. CENTRAL TRUST Co increased its stake in Crown Castle International Corporation by 1.0% in the first quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 17 shares during the last quarter. Bank of The West increased its stake in 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 last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Crown Castle International Corporation by 0.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 50 shares during the last quarter. Finally, FineMark National Bank & Trust increased its stake in Crown Castle International Corporation by 1.2% in the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 60 shares during the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.

Crown Castle International Corporation (CCI) traded down 0.02% during midday trading on Friday, hitting $104.12. The company’s stock had a trading volume of 3,524,965 shares. The company has a market cap of $42.30 billion, a price-to-earnings ratio of 83.10 and a beta of 0.20. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $105.05. The company’s 50-day moving average is $100.29 and its 200 day moving average is $96.45.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the 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 last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that Crown Castle International Corporation will post $1.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

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CCI has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $108.00 price objective (up from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Barclays PLC reduced their price objective on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, May 22nd. BidaskClub downgraded Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Citigroup Inc. downgraded Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $104.95.

In other news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the purchase, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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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