South Dakota Investment Council maintained its position in shares of Crown Castle International Corporation (NYSE:CCI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,300 shares of the real estate investment trust’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Crown Castle International Corporation were worth $7,207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CCI. RFG Advisory Group LLC purchased a new position in shares of Crown Castle International Corporation during the first quarter worth approximately $497,000. Utah Retirement Systems increased its position in shares of Crown Castle International Corporation by 1.5% in the first quarter. Utah Retirement Systems now owns 74,193 shares of the real estate investment trust’s stock worth $7,008,000 after buying an additional 1,100 shares during the last quarter. Legal & General Group Plc increased its position in shares of Crown Castle International Corporation by 4.9% in the first quarter. Legal & General Group Plc now owns 2,379,383 shares of the real estate investment trust’s stock worth $224,734,000 after buying an additional 111,452 shares during the last quarter. Maple Brown Abbott Ltd increased its position in shares of Crown Castle International Corporation by 5.0% in the first quarter. Maple Brown Abbott Ltd now owns 1,079,309 shares of the real estate investment trust’s stock worth $101,941,000 after buying an additional 51,490 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of Crown Castle International Corporation during the first quarter worth approximately $324,000. Institutional investors own 93.50% of the company’s stock.

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

Shares of Crown Castle International Corporation (CCI) traded down 0.12% during midday trading on Friday, reaching $101.18. 3,079,377 shares of the company were exchanged. The firm’s 50 day moving average is $99.21 and its 200-day moving average is $92.06. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $104.68. The company has a market capitalization of $37.04 billion, a PE ratio of 86.55 and a beta of 0.23.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Crown Castle International Corporation had a net margin of 10.43% and a return on equity of 6.03%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $1.18 earnings per share. Crown Castle International Corporation’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts forecast that Crown Castle International Corporation will post $1.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.76%. Crown Castle International Corporation’s dividend payout ratio is currently 327.59%.

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A number of brokerages have commented on CCI. Raymond James Financial, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, June 12th. Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research note on Monday, June 12th. BidaskClub cut shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Deutsche Bank AG upped their price target on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Finally, Barclays PLC lowered their price target 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Crown Castle International Corporation presently has an average rating of “Buy” and an average target price of $103.35.

In related news, COO James D. Young sold 24,646 shares of Crown Castle International Corporation stock in a transaction dated 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 of the company’s stock, valued at approximately $13,650,585. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the transaction, the director now directly owns 28,953 shares in the company, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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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