Meiji Yasuda Life Insurance Co lifted its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 17.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,429 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Crown Castle International Corporation were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. MA increased its position in shares of Crown Castle International Corporation by 10.9% during the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after buying an additional 44,430 shares during the period. Prudential Financial Inc. increased its position in shares of Crown Castle International Corporation by 2.2% during the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares during the period. Norinchukin Bank The increased its position in shares of Crown Castle International Corporation by 7.1% during the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares during the period. Perigon Wealth Management LLC increased its position in shares of Crown Castle International Corporation by 205.3% during the first quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,585 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of Crown Castle International Corporation by 32.3% during the first quarter. Gabelli Funds LLC now owns 200,860 shares of the real estate investment trust’s stock valued at $18,971,000 after buying an additional 49,000 shares during the period. Institutional investors own 82.98% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE CCI) traded down 1.32% during midday trading on Monday, reaching $107.01. 2,590,892 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $102.31 and its 200 day moving average price is $97.79. The company has a market cap of $43.47 billion, a price-to-earnings ratio of 85.40 and a beta of 0.18. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. Equities analysts anticipate that Crown Castle International Corporation will post $1.15 earnings per share for the current fiscal 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 given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.

In other news, Director J Landis Martin acquired 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following 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 SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

CCI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price target on the stock 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 cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Barclays PLC cut their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, May 22nd. Finally, Deutsche Bank AG upped their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Five 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’s stock. The company has an average rating of “Buy” and an average target price of $106.05.

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Crown Castle International Corporation 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).

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Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

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