California Public Employees Retirement System increased its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 737,600 shares of the real estate investment trust’s stock after purchasing an additional 17,200 shares during the period. California Public Employees Retirement System owned 0.20% of Crown Castle International Corporation worth $73,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Motco lifted its holdings in Crown Castle International Corporation by 127.0% during the 2nd quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock worth $8,301,000 after purchasing an additional 46,351 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in Crown Castle International Corporation by 10.9% during the 1st quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock worth $42,680,000 after purchasing an additional 44,430 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Crown Castle International Corporation by 2.2% during the 1st quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock worth $86,128,000 after purchasing an additional 19,673 shares in the last quarter. Norinchukin Bank The lifted its holdings in Crown Castle International Corporation by 7.1% during the 1st quarter. Norinchukin Bank The now owns 23,429 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in Crown Castle International Corporation by 205.3% during the 1st quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,585 shares in the last quarter. 82.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director J Landis Martin bought 30,000 shares of the firm’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 completion of the transaction, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

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A number of brokerages recently issued reports on CCI. Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 price objective on the stock in a report on Wednesday. BidaskClub raised Crown Castle International Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Jefferies Group LLC reissued a “buy” rating and set a $110.00 price objective on shares of Crown Castle International Corporation in a report on Monday, July 10th. Finally, Citigroup Inc. dropped their price objective on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.05.

Shares of Crown Castle International Corporation (CCI) traded down 0.56% during trading on Friday, hitting $101.03. The stock had a trading volume of 448,447 shares. The company has a market cap of $41.05 billion, a PE ratio of 80.63 and a beta of 0.18. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $108.88. The stock has a 50 day moving average of $104.44 and a 200 day moving average of $99.02.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Equities analysts forecast that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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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