HighTower Advisors LLC boosted its stake in Crown Castle International Corporation (NYSE:CCI) by 63.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,048 shares of the real estate investment trust’s stock after acquiring an additional 10,905 shares during the period. HighTower Advisors LLC’s holdings in Crown Castle International Corporation were worth $2,816,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its holdings in Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 278 shares in the last quarter. Capital Analysts LLC boosted its holdings in Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings 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 valued at $131,000 after acquiring an additional 10 shares in the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in Crown Castle International Corporation by 5.1% in the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Several research firms recently weighed in on CCI. Deutsche Bank AG lifted their price target on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a report on Friday, June 9th. Macquarie reissued a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Citigroup Inc. raised their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Bank of America Corporation raised their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the company 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.50.

In other news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Crown Castle International Corporation (NYSE:CCI) opened at 101.57 on Friday. The stock has a market cap of $41.26 billion, a price-to-earnings ratio of 81.06 and a beta of 0.16. The firm’s 50-day moving average price is $104.12 and its 200 day moving average price is $99.77. 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 quarterly 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. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Crown Castle International Corporation will post $1.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

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Crown Castle International Corporation Company 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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