Capital World Investors raised its holdings in Crown Castle International Corporation (NYSE:CCI) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,132,825 shares of the real estate investment trust’s stock after purchasing an additional 2,584,490 shares during the quarter. Capital World Investors owned 5.69% of Crown Castle International Corporation worth $2,317,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CCI. Winslow Evans & Crocker Inc. raised its stake 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 period. Capital Analysts LLC boosted its holdings in shares of Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 53 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Crown Castle International Corporation by 261.5% in the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of Crown Castle International Corporation by 0.7% in 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 buying an additional 10 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in shares of Crown Castle International Corporation by 5.1% in the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Several analysts have commented on the stock. Citigroup Inc. lifted their price objective on shares of 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. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 target price on the stock in a research note on Tuesday, July 11th. Macquarie reissued a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Finally, BidaskClub lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. 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. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus target price of $107.50.

Shares of Crown Castle International Corporation (NYSE CCI) traded down 0.41% during midday trading on Monday, reaching $99.57. 338,230 shares of the company’s stock were exchanged. The stock has a market cap of $40.45 billion, a price-to-earnings ratio of 79.47 and a beta of 0.17. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The firm has a 50 day moving average of $104.44 and a 200-day moving average of $99.02.

Crown Castle International Corporation (NYSE:CCI) last announced its 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. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Crown Castle International Corporation will post $1.15 earnings per share for the current year.

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

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In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was 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 approximately $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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).

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

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