Crown Castle International Corporation (NYSE:CCI) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board reduced its position in Crown Castle International Corporation (NYSE:CCI) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the real estate investment trust’s stock after selling 2,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Crown Castle International Corporation were worth $3,420,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. increased 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 last quarter. Parallel Advisors LLC increased 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 last quarter. Guardian Life Insurance Co. of America increased 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 last quarter. First Personal Financial Services increased 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 last quarter. Finally, Advisory Services Network LLC bought a new stake in Crown Castle International Corporation during the first quarter worth about $165,000. Institutional investors own 84.16% of the company’s stock.

Shares of Crown Castle International Corporation (CCI) traded down 0.02% on Friday, reaching $104.12. 3,524,965 shares of the company traded hands. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $105.05. The stock has a 50 day moving average of $100.29 and a 200 day moving average of $96.45. The stock has a market cap of $42.30 billion, a price-to-earnings ratio of 83.10 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Crown Castle International Corporation’s revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current 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 paid a $0.95 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.65%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 304.00%.

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A number of research firms have issued reports on CCI. Deutsche Bank AG increased their target price on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Macquarie reiterated a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. 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 for the company in a research report on Monday, May 22nd. BidaskClub downgraded 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. cut their target price on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $104.95.

In other Crown Castle International Corporation news, Director J Landis Martin purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the purchase, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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).

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

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