Cetera Investment Advisers acquired a new position in Crown Castle International Corporation (NYSE:CCI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,938 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also bought and sold shares of CCI. Teachers Advisors LLC boosted its holdings in shares of Crown Castle International Corporation by 6.0% in the first quarter. Teachers Advisors LLC now owns 1,913,613 shares of the real estate investment trust’s stock worth $180,741,000 after buying an additional 108,076 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Crown Castle International Corporation in the first quarter worth approximately $2,475,000. Marshall Wace North America L.P. purchased a new position in shares of Crown Castle International Corporation in the first quarter worth approximately $2,475,000. Vanguard Group Inc. boosted its holdings in shares of Crown Castle International Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock worth $2,217,770,000 after buying an additional 901,833 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Crown Castle International Corporation by 1.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,470 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 76 shares during the last quarter. 82.90% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Barclays PLC raised their price objective on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday. CIBC reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. UBS AG downgraded shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $108.41.

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

Crown Castle International Corporation (NYSE:CCI) opened at 104.99 on Friday. The stock has a market cap of $42.65 billion, a P/E ratio of 83.79 and a beta of 0.16. The stock has a 50 day moving average of $102.89 and a 200 day moving average of $100.47. 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 announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $1.09 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Crown Castle International Corporation will post $1.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $1.05 per share. This is a positive change from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.00%. Crown Castle International Corporation’s dividend payout ratio (DPR) is 316.67%.

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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