Oregon Public Employees Retirement Fund lowered its position in shares of Crown Castle International Corp. (NYSE:CCI) by 13.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,760 shares of the real estate investment trust’s stock after selling 5,514 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Crown Castle International Corp. were worth $3,275,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCI. Atria Investments LLC bought a new stake in shares of Crown Castle International Corp. during the second quarter worth $206,000. Investment Partners Ltd. OH ADV bought a new stake in shares of Crown Castle International Corp. during the second quarter worth $827,000. Quotient Investors LLC bought a new stake in shares of Crown Castle International Corp. during the second quarter worth $588,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Crown Castle International Corp. by 2.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 288,011 shares of the real estate investment trust’s stock valued at $29,213,000 after buying an additional 6,167 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Crown Castle International Corp. by 7.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 87,206 shares of the real estate investment trust’s stock valued at $8,845,000 after buying an additional 5,941 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

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

Crown Castle International Corp. (NYSE:CCI) traded down 0.50% during trading on Monday, reaching $84.35. The company’s stock had a trading volume of 3,068,301 shares. The firm has a market cap of $28.47 billion, a P/E ratio of 86.78 and a beta of 0.35. Crown Castle International Corp. has a 52 week low of $75.71 and a 52 week high of $102.82. The stock’s 50 day moving average is $88.57 and its 200-day moving average is $93.33.

Crown Castle International Corp. (NYSE:CCI) last announced its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the consensus estimate of $1.18 by $0.09. The business had revenue of $992 million for the quarter, compared to the consensus estimate of $968.15 million. Crown Castle International Corp. had a return on equity of 4.84% and a net margin of 9.45%. Crown Castle International Corp.’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities research analysts forecast that Crown Castle International Corp. will post $4.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 4.50%. This is a positive change from Crown Castle International Corp.’s previous quarterly dividend of $0.89. Crown Castle International Corp.’s dividend payout ratio is 361.23%.

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Several equities research analysts have commented on CCI shares. Deutsche Bank AG reiterated a “buy” rating and issued a $106.00 price target on shares of Crown Castle International Corp. in a research report on Friday, November 4th. Zacks Investment Research upgraded shares of Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a research report on Monday, September 26th. Oppenheimer Holdings Inc. upgraded shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research report on Tuesday, September 6th. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a research report on Saturday, August 6th. Finally, Citigroup Inc. dropped their price target on shares of Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 16th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $103.21.

In other news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $98.23, for a total transaction of $4,911,500.00. Following the transaction, the insider now owns 533,972 shares of the company’s stock, valued at $52,452,069.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony J. Melone purchased 2,500 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were purchased at an average cost of $81.84 per share, for a total transaction of $204,600.00. Following the purchase, the director now directly owns 5,405 shares of the company’s stock, valued at $442,345.20. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

About Crown Castle International Corp.

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).

5 Day Chart for NYSE:CCI

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