Shelton Capital Management acquired a new position in shares of Crown Castle International Corporation (NYSE:CCI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,960 shares of the real estate investment trust’s stock, valued at approximately $297,000.

Several other large investors have also added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. lifted its holdings 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 acquiring an additional 278 shares during the period. Capital Analysts LLC lifted its holdings in shares of Crown Castle International Corporation by 5.0% during the 2nd 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. Parallel Advisors LLC lifted its holdings in shares of Crown Castle International Corporation by 261.5% during the 1st quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 923 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in shares of Crown Castle International Corporation by 0.7% during 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 acquiring an additional 10 shares during the period. Finally, Solaris Asset Management LLC lifted its holdings in shares of Crown Castle International Corporation by 5.1% during the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 90 shares during the period. 82.91% of the stock is owned by institutional investors.

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In related news, Director J Landis Martin bought 30,000 shares of the company’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 completion of the acquisition, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on CCI. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Citigroup Inc. raised 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 report on Monday, August 28th. Bank of America Corporation raised their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International Corporation has a consensus rating of “Buy” and an average target price of $107.50.

Crown Castle International Corporation (NYSE:CCI) opened at 102.50 on Friday. The company’s 50-day moving average is $103.48 and its 200 day moving average is $100.23. The company has a market capitalization of $41.64 billion, a P/E ratio of 81.80 and a beta of 0.16. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS 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 net margin of 11.14% and a return on equity of 6.21%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Analysts predict that Crown Castle International Corporation will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.71%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 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).

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

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