Connable Office Inc. lowered its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 29,880 shares of the real estate investment trust’s stock after selling 106 shares during the period. Connable Office Inc.’s holdings in Crown Castle International Corporation were worth $2,993,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCI. Winslow Evans & Crocker Inc. boosted its stake in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Crown Castle International Corporation during the first quarter valued at $165,000. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 100.77 on Thursday. The stock has a market cap of $36.89 billion, a PE ratio of 80.42 and a beta of 0.20. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $104.68. The firm has a 50-day moving average price of $99.80 and a 200 day moving average price of $95.74.

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 net margin of 11.14% and a return on equity of 6.21%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Equities research analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The company also recently disclosed 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 is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

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CCI has been the subject of several analyst reports. Macquarie restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and set a $108.00 target price (up from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a report on Tuesday, April 18th. Finally, BidaskClub cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $104.95.

In other news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO James D. Young sold 24,646 shares of Crown Castle International Corporation stock in a transaction 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 sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

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).

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

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