State Street Corp decreased its holdings in Crown Castle International Corporation (NYSE:CCI) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,517,847 shares of the real estate investment trust’s stock after selling 248,727 shares during the quarter. State Street Corp owned 3.57% of Crown Castle International Corporation worth $1,454,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its stake in shares of 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 purchasing an additional 10 shares during the period. Fiduciary Trust Co. boosted its stake in shares of Crown Castle International Corporation by 0.7% in the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 21 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Crown Castle International Corporation by 0.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after purchasing an additional 50 shares during the period. Capital Analysts LLC boosted its stake in shares of 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 purchasing an additional 53 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in shares of Crown Castle International Corporation by 1.2% in the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 60 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of Crown Castle International Corporation stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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Several research analysts have recently commented on CCI shares. Bank of America Corporation raised their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Citigroup Inc. raised their target price on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, August 28th. Finally, BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Five 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. The stock 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 0.05% during mid-day trading on Friday, reaching $101.52. 1,565,825 shares of the company traded hands. The company has a market capitalization of $41.24 billion, a P/E ratio of 81.02 and a beta of 0.16. The firm’s 50 day moving average price is $104.04 and its 200-day moving average price is $99.84. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 6.21% and a net margin of 11.14%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. Equities analysts predict that Crown Castle International Corporation will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced 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 3.74%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

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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