Wedbush Securities Inc. raised its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 14,714 shares of the real estate investment trust’s stock after buying an additional 356 shares during the period. Wedbush Securities Inc.’s holdings in Crown Castle International Corporation were worth $1,474,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its position in 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 period. Parallel Advisors LLC boosted its position in 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 period. Guardian Life Insurance Co. of America boosted its position in 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 period. First Personal Financial Services boosted its position in 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 period. Finally, Advisory Services Network LLC acquired a new position in Crown Castle International Corporation during the first quarter valued at $165,000. 82.80% of the stock is currently owned by institutional investors.

Shares of Crown Castle International Corporation (NYSE CCI) opened at 100.85 on Friday. The company has a 50-day moving average price of $99.86 and a 200 day moving average price of $95.87. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 80.49 and a beta of 0.20. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $104.68.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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Several research firms have weighed in on CCI. Zacks Investment Research cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Citigroup Inc. lowered their target price on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.95.

In related news, Director J Landis Martin acquired 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO James D. Young sold 24,646 shares of Crown Castle International Corporation stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the transaction, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. 0.41% of the stock is owned by 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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