Symphony Asset Management LLC grew its position in Crown Castle International Corporation (NYSE:CCI) by 127.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,542 shares of the real estate investment trust’s stock after purchasing an additional 4,219 shares during the period. Symphony Asset Management LLC’s holdings in Crown Castle International Corporation were worth $756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Crown Castle International Corporation by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock worth $2,217,770,000 after purchasing an additional 901,833 shares during the last quarter. BlackRock Inc. grew its position in Crown Castle International Corporation by 2,213.6% in the 1st quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock worth $2,198,702,000 after purchasing an additional 22,272,827 shares during the last quarter. State Street Corp grew its position in Crown Castle International Corporation by 1.0% in the 1st quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after purchasing an additional 147,313 shares during the last quarter. Morgan Stanley grew its position in Crown Castle International Corporation by 2.1% in the 1st quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after purchasing an additional 158,840 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Crown Castle International Corporation by 762.8% in the 2nd quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after purchasing an additional 6,901,353 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

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Several research firms have commented on CCI. Raymond James Financial, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Macquarie restated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Barclays PLC decreased their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, May 22nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $106.45.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the stock in a transaction dated Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) opened at 104.95 on Thursday. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The firm has a 50 day moving average of $103.82 and a 200 day moving average of $98.60. The firm has a market capitalization of $42.64 billion, a P/E ratio of 83.76 and a beta of 0.18.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. On average, analysts forecast that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is 304.00%.

Crown Castle International Corporation 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).

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

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