Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 3.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 90,987 shares of the real estate investment trust’s stock after selling 2,846 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Crown Castle International Corporation were worth $9,115,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position 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 worth $131,000 after buying an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position 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 worth $764,000 after buying an additional 50 shares during the last quarter. FineMark National Bank & Trust boosted its position 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 worth $504,000 after buying an additional 60 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Crown Castle International Corporation by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,470 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 76 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Crown Castle International Corporation by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 33,182 shares of the real estate investment trust’s stock worth $3,324,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) opened at 107.27 on Thursday. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $107.89. The company has a market cap of $43.58 billion, a P/E ratio of 85.61 and a beta of 0.20. The firm has a 50-day moving average price of $101.21 and a 200 day moving average price of $97.11.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. Analysts expect that Crown Castle International Corporation will post $1.15 EPS for the current fiscal year.

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

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A number of equities analysts have recently weighed in on the company. BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Crown Castle International Corporation has a consensus rating of “Buy” and a consensus price target of $106.05.

In other news, Director J Landis Martin bought 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were bought 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 directly owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by 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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