Walter & Keenan Financial Consulting Co. MI ADV increased its position in shares of Crown Castle International Corporation (NYSE:CCI) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 12,350 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Crown Castle International Corporation were worth $1,237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Crown Castle International Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,442 shares of the real estate investment trust’s stock worth $12,708,000 after buying an additional 11,875 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Crown Castle International Corporation by 1.0% in the first quarter. CENTRAL TRUST Co now owns 1,774 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 17 shares in the last quarter. Creative Planning raised its stake in shares of Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 3,098 shares in the last quarter. National Pension Service raised its stake in shares of Crown Castle International Corporation by 10.7% in the first quarter. National Pension Service now owns 281,331 shares of the real estate investment trust’s stock worth $26,620,000 after buying an additional 27,227 shares in the last quarter. Finally, First American Bank raised its stake in shares of Crown Castle International Corporation by 40.2% in the first quarter. First American Bank now owns 24,774 shares of the real estate investment trust’s stock worth $2,340,000 after buying an additional 7,100 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Crown Castle International Corporation (CCI) opened at 100.77 on Thursday. The stock’s 50 day moving average is $99.80 and its 200-day moving average is $95.74. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $104.68. The firm has a market cap of $36.89 billion, a price-to-earnings ratio of 80.42 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. On average, equities research analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

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

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CCI has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, April 18th. Deutsche Bank AG restated a “buy” rating and issued a $108.00 target price (up previously from $106.00) on shares of Crown Castle International Corporation in a research report on Saturday, April 22nd. Barclays PLC cut 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 report on Monday, May 22nd. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. lowered shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $104.95.

In other news, Director J Landis Martin purchased 30,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James D. Young sold 24,646 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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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