Swiss National Bank raised its position in Crown Castle International Corporation (NYSE:CCI) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,755,549 shares of the real estate investment trust’s stock after buying an additional 40,800 shares during the period. Swiss National Bank owned about 0.48% of Crown Castle International Corporation worth $175,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Crown Castle International Corporation by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock worth $2,198,702,000 after buying an additional 22,272,827 shares during the period. Jennison Associates LLC raised its position in shares of Crown Castle International Corporation by 762.8% in the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after buying an additional 6,901,353 shares during the period. Brookfield Asset Management Inc. raised its position in shares of Crown Castle International Corporation by 2,367.1% in the first quarter. Brookfield Asset Management Inc. now owns 1,583,900 shares of the real estate investment trust’s stock worth $149,599,000 after buying an additional 1,519,700 shares during the period. Renaissance Technologies LLC raised its position in shares of Crown Castle International Corporation by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock worth $377,668,000 after buying an additional 1,043,700 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Crown Castle International Corporation by 37.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,737,065 shares of the real estate investment trust’s stock worth $374,379,000 after buying an additional 1,017,085 shares during the period. Institutional investors own 82.98% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 1.16% during midday trading on Thursday, hitting $108.51. The stock had a trading volume of 406,539 shares. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $108.58. The stock has a 50 day moving average price of $101.21 and a 200-day moving average price of $97.11. The stock has a market capitalization of $44.08 billion, a price-to-earnings ratio of 86.60 and a beta of 0.20.

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 the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Equities research analysts anticipate that Crown Castle International Corporation will post $1.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.54%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

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A number of research analysts have issued reports on CCI shares. Zacks Investment Research upgraded Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price target for the company in a research report on Tuesday, July 11th. Macquarie reiterated 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 lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC reduced their price target on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, May 22nd. Finally, Deutsche Bank AG boosted their price target on Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and an average target price of $106.05.

In other news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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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