IFP Advisors Inc boosted its position in shares of Crown Castle International Corporation (NYSE:CCI) by 74.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,044 shares of the real estate investment trust’s stock after buying an additional 3,439 shares during the period. IFP Advisors Inc’s holdings in Crown Castle International Corporation were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. raised its stake 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 worth $104,000 after buying an additional 278 shares during the period. Parallel Advisors LLC raised its stake 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 worth $120,000 after buying an additional 923 shares during the period. Guardian Life Insurance Co. of America raised its stake 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 worth $131,000 after buying an additional 10 shares during the period. First Personal Financial Services raised its stake 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 worth $158,000 after buying an additional 1,574 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Crown Castle International Corporation during the first quarter worth about $165,000. 82.80% of the stock is owned by institutional investors.

Crown Castle International Corporation (CCI) opened at 100.77 on Thursday. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 80.42 and a beta of 0.20. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The stock’s 50 day moving average price is $99.80 and its 200 day moving average price is $95.74.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio is presently 304.00%.

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A number of research firms have recently issued reports on CCI. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Citigroup Inc. lowered their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Macquarie reiterated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 price target on shares of Crown Castle International Corporation in a report on Monday, July 10th. Finally, BidaskClub downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Crown Castle International Corporation presently has an average rating of “Buy” and an average price target of $104.95.

In other news, COO James D. Young sold 24,646 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the transaction, the chief operating officer now owns 140,006 shares in the company, valued at $13,650,585. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Landis Martin bought 30,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $100.64 per share, for a total transaction 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 disclosure for this purchase can be found here. 0.41% of the stock is owned by company 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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