C WorldWide Group Holding A S decreased its stake in Crown Castle International Corporation (NYSE:CCI) by 57.4% during the second quarter, Holdings Channel reports. The fund owned 6,085 shares of the real estate investment trust’s stock after selling 8,215 shares during the period. C WorldWide Group Holding A S’s holdings in Crown Castle International Corporation were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCI. Winslow Evans & Crocker Inc. raised 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 raised 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 raised 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 raised 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 purchased a new position in Crown Castle International Corporation during the first quarter valued at approximately $165,000. 82.80% of the stock is owned by institutional investors.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 100.85 on Friday. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68. The stock’s 50 day moving average is $99.86 and its 200-day moving average is $95.87. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of 80.49 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm 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 company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. On average, analysts anticipate that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

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

In related news, COO James D. Young sold 24,646 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the sale, the director now directly owns 28,953 shares of the company’s stock, valued at $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

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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