Public Sector Pension investment Board lowered its position in Crown Castle International Corporation (NYSE:CCI) by 49.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,807 shares of the real estate investment trust’s stock after selling 40,100 shares during the quarter. Public Sector Pension investment Board’s holdings in Crown Castle International Corporation were worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its holdings 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 acquiring an additional 278 shares during the last quarter. Capital Analysts LLC boosted its holdings in Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares during the last quarter. Parallel Advisors LLC boosted its holdings 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 acquiring an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings 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 acquiring an additional 10 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in Crown Castle International Corporation by 5.1% in the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of the stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

A number of brokerages have commented on CCI. Bank of America Corporation boosted their price objective on 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 restated 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. boosted their price objective on 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 cut Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Deutsche Bank AG boosted their price objective on Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Crown Castle International Corporation currently has an average rating of “Buy” and an average price target of $107.50.

Crown Castle International Corporation (NYSE CCI) opened at 100.60 on Friday. The firm has a market cap of $40.87 billion, a PE ratio of 80.29 and a beta of 0.18. The company has a 50 day moving average price of $104.44 and a 200 day moving average price of $99.02. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. On average, equities research analysts forecast that Crown Castle International Corporation will post $1.16 earnings per share 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. This represents a $3.80 annualized dividend and a yield of 3.78%. 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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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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