First Mercantile Trust Co. cut its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 45.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,895 shares of the real estate investment trust’s stock after selling 39,751 shares during the period. Crown Castle International Corporation comprises approximately 0.8% of First Mercantile Trust Co.’s holdings, making the stock its 17th largest position. First Mercantile Trust Co.’s holdings in Crown Castle International Corporation were worth $4,698,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Winslow Evans & Crocker Inc. increased 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 increased 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 increased 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 increased 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 purchased a new stake in shares of Crown Castle International Corporation during the first quarter valued at approximately $165,000. Institutional investors own 82.80% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) opened at 100.71 on Friday. The company has a market capitalization of $40.92 billion, a PE ratio of 80.38 and a beta of 0.20. The company has a 50 day moving average price of $99.83 and a 200-day moving average price of $95.77. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $104.68.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. On average, analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 yield of 3.77%. Crown Castle International Corporation’s payout ratio is currently 304.00%.

WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/11/crown-castle-international-corporation-cci-position-lowered-by-first-mercantile-trust-co.html.

CCI has been the topic of several recent analyst reports. Macquarie restated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and issued a $108.00 target price (up previously from $106.00) on shares of Crown Castle International Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 target price 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $104.95.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the stock in a transaction on Friday, July 28th. The stock was acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $144,720.00. Following the completion of the sale, the director now owns 28,953 shares of the company’s stock, valued at $2,793,385.44. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.