DekaBank Deutsche Girozentrale decreased its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 256,036 shares of the real estate investment trust’s stock after selling 2,930 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Crown Castle International Corporation were worth $25,737,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its position in 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 during the last quarter. Parallel Advisors LLC boosted its position in 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 during the last quarter. Guardian Life Insurance Co. of America boosted its position in 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 during the last quarter. First Personal Financial Services boosted its position in 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 during the last quarter. Finally, Advisory Services Network LLC bought a new position in Crown Castle International Corporation during the first quarter valued at approximately $165,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (CCI) opened at 100.71 on Friday. The firm has a market cap of $40.92 billion, a PE ratio of 80.38 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. The stock has a 50 day moving average of $99.83 and a 200 day moving average of $95.77.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. 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 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 yield of 3.77%. Crown Castle International Corporation’s payout ratio is presently 304.00%.

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Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Citigroup Inc. lowered their target price on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus price target of $104.95.

In other Crown Castle International Corporation news, COO James D. Young sold 24,646 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following 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 SEC, which is accessible through the SEC website. Also, Director J Landis Martin bought 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were acquired at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares in the company, valued at approximately $9,997,074.40. The disclosure for this purchase can be found here. Corporate 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).

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

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