Trustmark National Bank Trust Department lifted its position in Crown Castle International Corporation (NYSE:CCI) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,885 shares of the real estate investment trust’s stock after buying an additional 63 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Crown Castle International Corporation were worth $990,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CCI. Toronto Dominion Bank lifted its holdings in shares of Crown Castle International Corporation by 57.0% in the first quarter. Toronto Dominion Bank now owns 97,293 shares of the real estate investment trust’s stock worth $9,188,000 after buying an additional 35,308 shares in the last quarter. Warren Averett Asset Management LLC purchased a new stake in shares of Crown Castle International Corporation in the first quarter worth about $382,000. Advantage Investment Management LLC purchased a new stake in shares of Crown Castle International Corporation in the first quarter worth about $830,000. Sawtooth Solutions LLC lifted its holdings in shares of Crown Castle International Corporation by 243.3% in the first quarter. Sawtooth Solutions LLC now owns 15,297 shares of the real estate investment trust’s stock worth $1,445,000 after buying an additional 10,841 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Crown Castle International Corporation by 24.5% in the first quarter. State of Tennessee Treasury Department now owns 183,499 shares of the real estate investment trust’s stock worth $17,331,000 after buying an additional 36,121 shares in the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently issued reports on the stock. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, June 12th. Citigroup Inc. downgraded shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. Macquarie reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC lowered their target price 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $106.45.

Shares of Crown Castle International Corporation (CCI) traded down 2.04% on Tuesday, reaching $102.36. 2,652,438 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $104.39 and a 200 day moving average price of $98.94. The firm has a market cap of $41.59 billion, a PE ratio of 81.69 and a beta of 0.18. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Zacks’ 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 company 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 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Crown Castle International Corporation will post $1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 dividend on an annualized basis and a yield of 3.64%. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the acquisition, 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 Securities & Exchange Commission, 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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