Zurich Insurance Group Ltd FI cut its stake in Crown Castle International Corporation (NYSE:CCI) by 27.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,061 shares of the real estate investment trust’s stock after selling 16,611 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Crown Castle International Corporation were worth $4,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its holdings in shares of Crown Castle International Corporation by 0.7% during the 1st 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. Fiduciary Trust Co. grew its stake in Crown Castle International Corporation by 0.7% in the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 21 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Crown Castle International Corporation by 0.7% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,625 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 50 shares during the last quarter. Capital Analysts LLC grew its stake in Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares during the last quarter. Finally, FineMark National Bank & Trust grew its stake in Crown Castle International Corporation by 1.2% in the 2nd quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 60 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.05% during midday trading on Tuesday, hitting $99.74. The company had a trading volume of 221,253 shares. The company’s 50-day moving average price is $104.29 and its 200 day moving average price is $99.67. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The company has a market capitalization of $40.52 billion, a price-to-earnings ratio of 79.60 and a beta of 0.17.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share 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 analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Equities research analysts predict that Crown Castle International Corporation will post $1.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction that occurred on 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 owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Several equities research analysts have issued reports on the stock. 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. Zacks Investment Research cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a research report on Monday, July 10th. Finally, Citigroup Inc. lowered Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Crown Castle International Corporation has a consensus rating of “Buy” and an average target price of $107.50.

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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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