Smith Asset Management Group LP raised its stake in shares of Crown Castle International Corp. (NYSE:CCI) by 23,393.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,480 shares of the real estate investment trust’s stock after buying an additional 70,180 shares during the period. Smith Asset Management Group LP’s holdings in Crown Castle International Corp. were worth $7,149,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Capital Analysts LLC raised its stake in Crown Castle International Corp. by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 7 shares in the last quarter. NEXT Financial Group Inc raised its stake in Crown Castle International Corp. by 1.9% in the second quarter. NEXT Financial Group Inc now owns 1,972 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 36 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Crown Castle International Corp. by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,946 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 120 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in Crown Castle International Corp. by 10.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,102 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 200 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in Crown Castle International Corp. by 0.9% in the second quarter. Gateway Investment Advisers LLC now owns 26,538 shares of the real estate investment trust’s stock valued at $2,692,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Crown Castle International Corp. (NYSE:CCI) traded up 1.49% during mid-day trading on Thursday, hitting $94.83. 3,964,659 shares of the stock traded hands. The stock has a market cap of $32.01 billion, a PE ratio of 95.50 and a beta of 0.34. The company has a 50 day moving average of $94.54 and a 200-day moving average of $92.43. Crown Castle International Corp. has a 12-month low of $75.71 and a 12-month high of $102.82.

Crown Castle International Corp. (NYSE:CCI) last issued its earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Crown Castle International Corp. had a net margin of 9.78% and a return on equity of 4.84%. The company had revenue of $962.40 million for the quarter, compared to analysts’ expectations of $948.85 million. Equities research analysts forecast that Crown Castle International Corp. will post $4.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, September 14th. Crown Castle International Corp.’s dividend payout ratio is presently 354.00%.

Several research firms have recently commented on CCI. BTIG Research lowered shares of Crown Castle International Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, July 19th. Jefferies Group reaffirmed a “buy” rating on shares of Crown Castle International Corp. in a research report on Saturday, August 6th. Zacks Investment Research raised shares of Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $112.00 price objective on the stock in a research report on Tuesday, July 26th. Stifel Nicolaus lifted their price objective on shares of Crown Castle International Corp. from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. Finally, Barclays PLC cut their price objective on shares of Crown Castle International Corp. from $100.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Crown Castle International Corp. presently has an average rating of “Buy” and a consensus price target of $102.38.

In other news, Vice Chairman W Benjamin Moreland sold 50,000 shares of Crown Castle International Corp. stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total transaction of $4,911,500.00. Following the transaction, the insider now owns 533,972 shares in the company, valued at approximately $52,452,069.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Mckenzie sold 1,000 shares of Crown Castle International Corp. stock in a transaction on Monday, September 12th. The stock was sold at an average price of $93.07, for a total transaction of $93,070.00. Following the transaction, the director now owns 28,741 shares in the company, valued at approximately $2,674,924.87. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

About Crown Castle International Corp.

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).

5 Day Chart for NYSE:CCI

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