Los Angeles Capital Management & Equity Research Inc. lessened its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,895 shares of the real estate investment trust’s stock after selling 182 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Crown Castle International Corporation were worth $6,601,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. raised its position in shares of Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares during the last quarter. Capital Analysts LLC raised its position in shares of Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Crown Castle International Corporation by 261.5% during the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Crown Castle International Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 10 shares during the last quarter. Finally, First Personal Financial Services raised its position in shares of Crown Castle International Corporation by 1,574.0% during the 1st quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 1,574 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was bought at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

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Shares of Crown Castle International Corporation (NYSE:CCI) opened at 106.93 on Tuesday. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $108.88. The company’s 50-day moving average is $103.53 and its 200 day moving average is $98.44. The stock has a market cap of $43.44 billion, a PE ratio of 85.34 and a beta of 0.18.

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, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $1.04 billion during 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 firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. Analysts forecast that Crown Castle International Corporation will post $1.16 earnings per share for the current fiscal year.

The firm 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 dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.

CCI has been the subject of several research analyst reports. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Macquarie restated 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. Deutsche Bank AG upped their price target on shares of 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. Finally, Royal Bank Of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Five investment 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. Crown Castle International Corporation presently has an average rating of “Buy” and a consensus price target of $106.50.

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).

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

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