Amalgamated Bank grew its holdings in Crown Castle International Corporation (NYSE:CCI) by 60.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,238 shares of the real estate investment trust’s stock after purchasing an additional 16,244 shares during the quarter. Amalgamated Bank’s holdings in Crown Castle International Corporation were worth $4,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CCI. BlackRock Inc. boosted its stake in shares of 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 valued at $2,198,702,000 after purchasing an additional 22,272,827 shares during the last quarter. Jennison Associates LLC boosted its stake in Crown Castle International Corporation by 762.8% during 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 acquiring an additional 6,901,353 shares during the last quarter. Brookfield Asset Management Inc. boosted its stake in Crown Castle International Corporation by 2,367.1% during the 1st quarter. Brookfield Asset Management Inc. now owns 1,583,900 shares of the real estate investment trust’s stock worth $149,599,000 after acquiring an additional 1,519,700 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Crown Castle International Corporation by 35.3% during the 1st quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock worth $377,668,000 after acquiring an additional 1,043,700 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Crown Castle International Corporation by 37.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,737,065 shares of the real estate investment trust’s stock worth $374,379,000 after acquiring an additional 1,017,085 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the stock. Bank of America Corporation lifted their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Citigroup Inc. lifted their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus price target of $106.45.

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Crown Castle International Corporation (NYSE CCI) traded down 0.1241% during trading on Friday, hitting $104.6799. 805,381 shares of the company traded hands. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The firm has a market capitalization of $42.53 billion, a P/E ratio of 83.5434 and a beta of 0.18. The stock has a 50-day moving average price of $104.13 and a 200-day moving average price of $98.69.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s payout ratio is currently 304.00%.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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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