State of Wisconsin Investment Board boosted its stake in Crown Castle International Corporation (NYSE:CCI) by 21.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 434,193 shares of the real estate investment trust’s stock after buying an additional 76,550 shares during the period. State of Wisconsin Investment Board’s holdings in Crown Castle International Corporation were worth $43,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. raised its position in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. First Personal Financial Services raised its position in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Crown Castle International Corporation during the first quarter valued at approximately $165,000. Institutional investors own 84.16% of the company’s stock.

Crown Castle International Corporation (CCI) opened at 103.06 on Wednesday. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $104.68. The stock’s 50 day moving average price is $100.03 and its 200-day moving average price is $96.21. The stock has a market cap of $41.87 billion, a P/E ratio of 82.25 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The company also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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Several research analysts have recently commented on CCI shares. Macquarie reiterated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Jefferies Group LLC reiterated 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. Deutsche Bank AG reissued a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Crown Castle International Corporation in a report on Saturday, April 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, April 18th. Finally, BidaskClub downgraded Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus target price of $104.95.

In other news, Director J Landis Martin acquired 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares in the company, valued at $9,997,074.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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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