Teacher Retirement System of Texas Has $50.95 Million Stake in Crown Castle International Corp. (NYSE:CCI)

Teacher Retirement System of Texas lifted its stake in shares of Crown Castle International Corp. (NYSE:CCIGet Rating) by 65.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 275,986 shares of the real estate investment trust’s stock after acquiring an additional 109,114 shares during the period. Teacher Retirement System of Texas owned 0.06% of Crown Castle International worth $50,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CCI. Clearview Wealth Advisors LLC raised its stake in Crown Castle International by 25.8% in the first quarter. Clearview Wealth Advisors LLC now owns 288 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 59 shares in the last quarter. Cordasco Financial Network raised its stake in Crown Castle International by 20.3% in the first quarter. Cordasco Financial Network now owns 355 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 60 shares in the last quarter. Patten & Patten Inc. TN raised its stake in Crown Castle International by 0.7% in the first quarter. Patten & Patten Inc. TN now owns 8,523 shares of the real estate investment trust’s stock valued at $1,573,000 after purchasing an additional 60 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in Crown Castle International by 38.4% in the first quarter. Rosenberg Matthew Hamilton now owns 220 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 61 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in Crown Castle International by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 1,097 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Transactions at Crown Castle International

In related news, Director Kevin A. Stephens purchased 699 shares of the stock in a transaction dated Friday, July 22nd. The stock was purchased at an average price of $173.60 per share, with a total value of $121,346.40. Following the transaction, the director now directly owns 10,703 shares in the company, valued at $1,858,040.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Crown Castle International from $183.00 to $185.00 in a research report on Friday, July 22nd. KeyCorp reduced their price target on shares of Crown Castle International from $219.00 to $205.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. The Goldman Sachs Group reduced their price target on shares of Crown Castle International from $189.00 to $166.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Morgan Stanley cut their target price on shares of Crown Castle International from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Finally, Raymond James cut their target price on shares of Crown Castle International from $206.00 to $201.00 in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $196.06.

Crown Castle International Stock Performance

Shares of Crown Castle International stock opened at $178.40 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.71 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $77.25 billion, a P/E ratio of 50.11 and a beta of 0.58. The business has a fifty day simple moving average of $173.58 and a two-hundred day simple moving average of $177.86. Crown Castle International Corp. has a 12 month low of $153.70 and a 12 month high of $209.87.

Crown Castle International (NYSE:CCIGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.97 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.74). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Crown Castle International had a net margin of 22.91% and a return on equity of 18.93%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. On average, equities analysts forecast that Crown Castle International Corp. will post 7.03 earnings per share for the current fiscal year.

Crown Castle International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, September 14th. Crown Castle International’s dividend payout ratio is presently 165.17%.

Crown Castle International Company Profile

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Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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

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