AT Bancorp cut its stake in Crown Castle International Corporation (NYSE:CCI) by 57.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,160 shares of the real estate investment trust’s stock after selling 8,312 shares during the period. AT Bancorp’s holdings in Crown Castle International Corporation were worth $617,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BB&T Corp increased its stake in shares of Crown Castle International Corporation by 188.2% in the first quarter. BB&T Corp now owns 89,579 shares of the real estate investment trust’s stock valued at $8,462,000 after buying an additional 58,501 shares in the last quarter. Congress Asset Management Co. MA increased its stake in shares of Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after buying an additional 44,430 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after buying an additional 19,673 shares in the last quarter. Norinchukin Bank The increased its stake in shares of Crown Castle International Corporation by 7.1% in the first quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock valued at $2,213,000 after buying an additional 1,553 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in shares of Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Crown Castle International Corporation (NYSE:CCI) opened at 101.15 on Tuesday. The stock has a 50 day moving average price of $99.84 and a 200 day moving average price of $95.24. The stock has a market capitalization of $37.03 billion, a PE ratio of 80.73 and a beta of 0.20. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Equities analysts forecast that Crown Castle International Corporation will post $1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.76%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/08/crown-castle-international-corporation-cci-stake-reduced-by-at-bancorp.html.

CCI has been the subject of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Citigroup Inc. lowered their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, April 18th. BidaskClub downgraded Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price target for the company in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $104.95.

In related news, COO James D. Young sold 24,646 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the sale, the director now directly owns 28,953 shares of the company’s stock, valued at $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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)

Receive News & Ratings for Crown Castle International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.