Piedmont Investment Advisors LLC increased its holdings in Crown Castle International Corporation (NYSE:CCI) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,121 shares of the real estate investment trust’s stock after acquiring an additional 1,975 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Crown Castle International Corporation were worth $7,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its stake 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 worth $131,000 after acquiring an additional 10 shares during the period. Fiduciary Trust Co. lifted its stake in 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 worth $321,000 after acquiring an additional 21 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in 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 worth $764,000 after acquiring an additional 50 shares during the period. Capital Analysts LLC lifted its stake 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 worth $112,000 after acquiring an additional 53 shares during the period. Finally, FineMark National Bank & Trust lifted its stake in 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 worth $504,000 after acquiring an additional 60 shares during the period. 82.91% of the stock is owned by institutional investors.

In related news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

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A number of analysts recently commented on CCI shares. BidaskClub raised Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $112.00 price target (up previously from $105.00) on shares of Crown Castle International Corporation in a research note on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation currently has an average rating of “Buy” and an average target price of $107.50.

Crown Castle International Corporation (CCI) traded down 0.14% during trading on Friday, reaching $102.96. The company’s stock had a trading volume of 395,069 shares. The firm’s 50-day moving average price is $103.71 and its 200 day moving average price is $100.13. The company has a market capitalization of $41.83 billion, a P/E ratio of 82.17 and a beta of 0.16. 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 issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm 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 firm’s quarterly 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. On average, analysts predict that Crown Castle International Corporation will post $1.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.69%. 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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