Pictet Asset Management Ltd. decreased its position in shares of Crown Castle International Corporation (NYSE:CCI) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,101 shares of the real estate investment trust’s stock after selling 19,300 shares during the period. Pictet Asset Management Ltd.’s holdings in Crown Castle International Corporation were worth $26,338,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. increased 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 worth $104,000 after buying an additional 278 shares during the period. Parallel Advisors LLC increased 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 worth $120,000 after buying an additional 923 shares during the period. Guardian Life Insurance Co. of America increased 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 worth $131,000 after buying an additional 10 shares during the period. First Personal Financial Services increased 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 worth $158,000 after buying an additional 1,574 shares during the period. Finally, Advisory Services Network LLC bought a new position in Crown Castle International Corporation during the first quarter worth about $165,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) opened at 100.71 on Friday. The stock has a market cap of $40.92 billion, a P/E 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 price of $99.83 and a 200-day moving average price of $95.77.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

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A number of research firms have issued reports on CCI. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated 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. Citigroup Inc. cut their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and an average price target of $104.95.

In other news, Director Robert F. Mckenzie sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The disclosure for this purchase can be found here. Corporate insiders own 0.41% of the company’s stock.

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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