Teachers Insurance & Annuity Association of America reduced its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,163 shares of the real estate investment trust’s stock after selling 6,258 shares during the period. Crown Castle International Corporation makes up 1.5% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 9th largest position. Teachers Insurance & Annuity Association of America owned 0.12% of Crown Castle International Corporation worth $43,694,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Crown Castle International Corporation by 6.1% in the first quarter. IFP Advisors Inc now owns 4,605 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 264 shares during the period. Wetherby Asset Management Inc. increased its stake in Crown Castle International Corporation by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,942 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 127 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Crown Castle International Corporation by 7.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,751 shares of the real estate investment trust’s stock valued at $3,566,000 after buying an additional 2,500 shares during the period. Linscomb & Williams Inc. acquired a new stake in Crown Castle International Corporation during the first quarter valued at approximately $2,688,000. Finally, Canada Pension Plan Investment Board increased its stake in Crown Castle International Corporation by 24.9% in the first quarter. Canada Pension Plan Investment Board now owns 731,319 shares of the real estate investment trust’s stock valued at $69,073,000 after buying an additional 145,896 shares during the period. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) traded up 1.16% during trading on Thursday, hitting $108.51. 406,608 shares of the stock were exchanged. The company has a market cap of $44.08 billion, a price-to-earnings ratio of 86.60 and a beta of 0.20. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.58. The stock’s 50 day moving average is $101.21 and its 200-day moving average is $97.11.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $1.04 billion for 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%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, equities research analysts expect that Crown Castle International Corporation will post $1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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Several equities analysts have issued reports on the stock. Barclays PLC dropped their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, May 22nd. Deutsche Bank AG boosted their price objective on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, June 9th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.05.

In other Crown Castle International Corporation news, Director J Landis Martin acquired 30,000 shares of Crown Castle International Corporation stock in a transaction on Friday, July 28th. The shares were bought at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the completion of the purchase, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

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).

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

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