AT Bancorp purchased a new stake in Crown Castle International Corp. (NYSE:CCI) during the third quarter, according to its most recent disclosure with the SEC. The fund purchased 16,438 shares of the real estate investment trust’s stock, valued at approximately $1,549,000.

Several other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC raised its position in Crown Castle International Corp. by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 7 shares in the last quarter. FineMark National Bank & Trust raised its position in Crown Castle International Corp. by 846.6% in the second quarter. FineMark National Bank & Trust now owns 1,117 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 999 shares in the last quarter. CENTRAL TRUST Co raised its position in Crown Castle International Corp. by 309.7% in the second quarter. CENTRAL TRUST Co now owns 1,229 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 929 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in Crown Castle International Corp. during the second quarter valued at about $136,000. Finally, NN Investment Partners Holdings N.V. raised its position in Crown Castle International Corp. by 10.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,102 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 200 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Crown Castle International Corp. (NYSE:CCI) traded down 0.50% on Monday, hitting $84.35. The company had a trading volume of 3,068,301 shares. Crown Castle International Corp. has a 52 week low of $75.71 and a 52 week high of $102.82. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 86.78 and a beta of 0.35. The stock’s 50-day moving average is $88.45 and its 200 day moving average is $93.33.

Crown Castle International Corp. (NYSE:CCI) last released its quarterly earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by $0.09. Crown Castle International Corp. had a net margin of 9.45% and a return on equity of 4.84%. The business earned $992 million during the quarter, compared to analysts’ expectations of $968.15 million. During the same quarter last year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Crown Castle International Corp. will post $4.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.95 dividend. This is a boost from Crown Castle International Corp.’s previous quarterly dividend of $0.89. This represents a $3.80 dividend on an annualized basis and a yield of 4.50%. Crown Castle International Corp.’s dividend payout ratio (DPR) is 361.23%.

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CCI has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a report on Saturday, August 6th. Oppenheimer Holdings Inc. upgraded Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price objective for the company in a report on Tuesday, September 6th. SunTrust Banks Inc. initiated coverage on Crown Castle International Corp. in a report on Monday, September 12th. They issued a “buy” rating and a $107.00 price objective for the company. Citigroup Inc. reduced their price objective on Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 16th. Finally, Zacks Investment Research upgraded Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a report on Monday, September 26th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International Corp. has a consensus rating of “Buy” and an average price target of $103.21.

In other Crown Castle International Corp. news, Vice Chairman W Benjamin Moreland sold 50,000 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $98.23, for a total value of $4,911,500.00. Following the completion of the sale, the insider now directly owns 533,972 shares in the company, valued at $52,452,069.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert F. Mckenzie sold 1,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $93.07, for a total value of $93,070.00. Following the completion of the sale, the director now owns 28,741 shares of the company’s stock, valued at $2,674,924.87. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

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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