ETRADE Capital Management LLC lifted its stake in Crown Castle International Corporation (NYSE:CCI) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,121 shares of the real estate investment trust’s stock after acquiring an additional 4,186 shares during the period. ETRADE Capital Management LLC’s holdings in Crown Castle International Corporation were worth $4,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Crown Castle International Corporation in the 1st quarter worth $22,133,000. State of Wisconsin Investment Board raised its position in shares of Crown Castle International Corporation by 16.8% in the 1st quarter. State of Wisconsin Investment Board now owns 357,643 shares of the real estate investment trust’s stock worth $33,779,000 after acquiring an additional 51,450 shares in the last quarter. Cowen Prime Services LLC raised its position in shares of Crown Castle International Corporation by 15.2% in the 1st quarter. Cowen Prime Services LLC now owns 39,215 shares of the real estate investment trust’s stock worth $3,704,000 after acquiring an additional 5,165 shares in the last quarter. Ffcm LLC raised its position in shares of Crown Castle International Corporation by 6.0% in the 1st quarter. Ffcm LLC now owns 43,505 shares of the real estate investment trust’s stock worth $4,109,000 after acquiring an additional 2,475 shares in the last quarter. Finally, Sprott Inc. raised its position in shares of Crown Castle International Corporation by 52.6% in the 1st quarter. Sprott Inc. now owns 13,130 shares of the real estate investment trust’s stock worth $1,240,000 after acquiring an additional 4,525 shares in the last quarter. 82.90% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. 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. Macquarie reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Citigroup Inc. boosted their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Bank of America Corporation boosted their price target on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, BidaskClub lowered Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and an average target price of $107.05.

In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were bought 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 $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “ETRADE Capital Management LLC Buys 4,186 Shares of Crown Castle International Corporation (CCI)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/21/etrade-capital-management-llc-buys-4186-shares-of-crown-castle-international-corporation-cci.html.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.03% on Thursday, reaching $101.87. The company had a trading volume of 181,881 shares. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88. The firm has a market capitalization of $41.39 billion, a PE ratio of 81.30 and a beta of 0.18. The firm’s 50 day moving average is $104.44 and its 200 day moving average is $99.02.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $1.05 earnings per share. Crown Castle International Corporation’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Crown Castle International Corporation will post $1.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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).

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corporation (NYSE:CCI).

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

Receive News & Stock Ratings for Crown Castle International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corporation and related stocks with our FREE daily email newsletter.