Terra Nova Asset Management LLC reduced its position in shares of Crown Castle International Corp. (NYSE:CCI) by 28.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the real estate investment trust’s stock after selling 3,993 shares during the period. Crown Castle International Corp. comprises about 1.7% of Terra Nova Asset Management LLC’s portfolio, making the stock its 22nd largest position. Terra Nova Asset Management LLC’s holdings in Crown Castle International Corp. were worth $1,014,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in Crown Castle International Corp. by 167.7% in the first quarter. Renaissance Technologies LLC now owns 2,074,903 shares of the real estate investment trust’s stock worth $179,479,000 after buying an additional 1,299,800 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Crown Castle International Corp. by 42.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,252,382 shares of the real estate investment trust’s stock worth $228,459,000 after buying an additional 671,455 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Crown Castle International Corp. by 103.9% in the first quarter. Nuveen Asset Management LLC now owns 1,168,698 shares of the real estate investment trust’s stock valued at $101,092,000 after buying an additional 595,481 shares in the last quarter. Junto Capital Management LP increased its stake in Crown Castle International Corp. by 105.0% in the first quarter. Junto Capital Management LP now owns 832,410 shares of the real estate investment trust’s stock valued at $72,003,000 after buying an additional 426,360 shares in the last quarter. Finally, Credit Agricole S A increased its stake in Crown Castle International Corp. by 104.7% in the first quarter. Credit Agricole S A now owns 623,456 shares of the real estate investment trust’s stock valued at $53,930,000 after buying an additional 318,946 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Shares of Crown Castle International Corp. (NYSE:CCI) traded up 2.04% during mid-day trading on Wednesday, hitting $93.44. 2,882,289 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $94.58 and a 200-day moving average price of $92.41. Crown Castle International Corp. has a 52 week low of $75.71 and a 52 week high of $102.82. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 94.10 and a beta of 0.34.

Crown Castle International Corp. (NYSE:CCI) last announced its quarterly earnings results on Thursday, July 21st. The real estate investment trust reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. Crown Castle International Corp. had a return on equity of 4.84% and a net margin of 9.78%. The company had revenue of $962.40 million for the quarter, compared to the consensus estimate of $948.85 million. On average, equities analysts anticipate that Crown Castle International Corp. will post $4.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.885 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.54 annualized dividend and a yield of 3.79%. Crown Castle International Corp.’s dividend payout ratio (DPR) is presently 354.00%.

Several equities research analysts have issued reports on the stock. Citigroup Inc. decreased their price objective on shares of Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 16th. SunTrust Banks Inc. assumed coverage on shares of Crown Castle International Corp. in a research note on Monday, September 12th. They set a “buy” rating and a $107.00 price objective for the company. Oppenheimer Holdings Inc. upgraded shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, September 6th. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a research note on Monday, August 22nd. Finally, Zacks Investment Research downgraded shares of Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $102.38.

In other news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total value of $4,911,500.00. Following the sale, the insider now owns 533,972 shares in the company, valued at $52,452,069.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert F. Mckenzie sold 1,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $93.07, for a total transaction of $93,070.00. Following the completion of the sale, the director now owns 28,741 shares in the company, valued at approximately $2,674,924.87. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

About Crown Castle International Corp.

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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