Barrett Asset Management LLC maintained its position in Crown Castle International Corporation (NYSE:CCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,500 shares of the real estate investment trust’s stock at the end of the second quarter. Barrett Asset Management LLC’s holdings in Crown Castle International Corporation were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Vanguard Group Inc. raised its position in 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 period. BlackRock Inc. raised its stake in shares of Crown Castle International Corporation by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after buying an additional 22,272,827 shares during the last quarter. State Street Corp raised its stake in shares of Crown Castle International Corporation by 1.0% in the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock valued at $1,394,708,000 after buying an additional 147,313 shares during the last quarter. Morgan Stanley raised its stake in shares of Crown Castle International Corporation by 2.1% in the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock valued at $742,417,000 after buying an additional 158,840 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Crown Castle International Corporation by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock valued at $377,668,000 after buying an additional 1,043,700 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Crown Castle International Corporation (NYSE CCI) opened at 100.03 on Wednesday. The stock has a market capitalization of $36.62 billion, a P/E ratio of 79.83 and a beta of 0.20. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $104.68. The firm’s 50 day moving average is $99.82 and its 200 day moving average is $95.37.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share 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 the consensus estimate 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 revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. On average, equities research analysts anticipate that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.95 per share. 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 3.80%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

WARNING: “Barrett Asset Management LLC Continues to Hold Stake in Crown Castle International Corporation (NYSE:CCI)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/09/barrett-asset-management-llc-continues-to-hold-stake-in-crown-castle-international-corporation-nysecci.html.

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

In other news, COO James D. Young sold 24,646 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the completion of the transaction, the chief operating officer now directly owns 140,006 shares in the company, valued at approximately $13,650,585. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Landis Martin bought 30,000 shares of the stock in a transaction dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the transaction, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The disclosure for this purchase can be found here. 0.41% of the stock is currently 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).

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corporation (NYSE:CCI).

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.