Renaissance Technologies LLC increased its position in shares of Crown Castle International Corporation (NYSE:CCI) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,875,503 shares of the real estate investment trust’s stock after buying an additional 876,900 shares during the period. Crown Castle International Corporation accounts for approximately 0.6% of Renaissance Technologies LLC’s investment portfolio, making the stock its 13th biggest position. Renaissance Technologies LLC owned approximately 1.33% of Crown Castle International Corporation worth $488,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Motco increased its holdings in shares of Crown Castle International Corporation by 127.0% in the second quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock valued at $8,301,000 after purchasing an additional 46,351 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Crown Castle International Corporation by 10.9% in the first quarter. Congress Asset Management Co. MA now owns 451,884 shares of the real estate investment trust’s stock valued at $42,680,000 after purchasing an additional 44,430 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Crown Castle International Corporation by 2.2% in the first quarter. Prudential Financial Inc. now owns 911,885 shares of the real estate investment trust’s stock valued at $86,128,000 after purchasing an additional 19,673 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Crown Castle International Corporation by 205.3% in the first quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Crown Castle International Corporation by 10.5% in the second quarter. Eaton Vance Management now owns 133,210 shares of the real estate investment trust’s stock valued at $13,345,000 after purchasing an additional 12,662 shares during the last quarter. Institutional investors and hedge funds own 82.90% of the company’s stock.

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Shares of Crown Castle International Corporation (NYSE CCI) traded down 0.98% during trading on Friday, hitting $100.60. The company had a trading volume of 2,720,047 shares. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $108.88. The firm has a market capitalization of $40.87 billion, a P/E ratio of 80.29 and a beta of 0.18. The company’s 50 day moving average is $104.44 and its 200 day moving average is $99.02.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Crown Castle International Corporation will post $1.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.78%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

CCI has been the topic of several research reports. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research note on Wednesday. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Cowen and Company restated an “outperform” rating and issued a $112.00 price target (up from $105.00) on shares of Crown Castle International Corporation in a research note on Saturday. Raymond James Financial, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $107.50.

In other Crown Castle International Corporation news, Director J Landis Martin bought 30,000 shares of Crown Castle International Corporation stock in a transaction dated 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 purchase, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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).

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

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