TD Asset Management Inc. decreased its position in Crown Castle International Corporation (NYSE:CCI) by 15.6% during the second quarter, Holdings Channel reports. The fund owned 361,940 shares of the real estate investment trust’s stock after selling 67,134 shares during the period. TD Asset Management Inc.’s holdings in Crown Castle International Corporation were worth $36,259,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Crown Castle International Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,442 shares of the real estate investment trust’s stock worth $12,708,000 after buying an additional 11,875 shares during the last quarter. CENTRAL TRUST Co increased its stake in Crown Castle International Corporation by 1.0% in the first quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 17 shares during the period. Creative Planning increased its stake in Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 3,098 shares during the period. National Pension Service increased its stake in Crown Castle International Corporation by 10.7% in the first quarter. National Pension Service now owns 281,331 shares of the real estate investment trust’s stock worth $26,620,000 after buying an additional 27,227 shares during the period. Finally, First American Bank increased its stake in Crown Castle International Corporation by 40.2% in the first quarter. First American Bank now owns 24,774 shares of the real estate investment trust’s stock worth $2,340,000 after buying an additional 7,100 shares during the period. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (CCI) opened at 100.77 on Thursday. The firm has a 50-day moving average of $99.80 and a 200 day moving average of $95.74. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68. The company has a market cap of $36.89 billion, a P/E ratio of 80.42 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $1.05 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The firm 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 dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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CCI has been the subject of a number of recent research reports. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $110.00 price target on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating and set a $108.00 price target (up from $106.00) on shares of Crown Castle International Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Finally, BidaskClub downgraded shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. 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 currently has an average rating of “Buy” and an average price target of $104.95.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost 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 in the company, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total transaction of $144,720.00. Following the sale, the director now owns 28,953 shares in the company, valued at $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by company 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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