BNP Paribas Arbitrage SA decreased its stake in Crown Castle International Corp. (NYSE:CCI) by 45.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,569 shares of the real estate investment trust’s stock after selling 29,034 shares during the period. BNP Paribas Arbitrage SA’s holdings in Crown Castle International Corp. were worth $3,257,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Capital Analysts LLC raised its stake in shares of 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 during the last quarter. FineMark National Bank & Trust increased 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 during the period. CENTRAL TRUST Co increased 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 during the period. Pinkerton Retirement Specialists LLC acquired a new position in Crown Castle International Corp. during the second quarter valued at approximately $136,000. Finally, NN Investment Partners Holdings N.V. increased 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 during the period. Institutional investors own 89.48% of the company’s stock.

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

Shares of Crown Castle International Corp. (NYSE:CCI) traded up 1.04% during trading on Tuesday, reaching $85.23. 2,427,529 shares of the company were exchanged. The company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 87.69 and a beta of 0.35. Crown Castle International Corp. has a 1-year low of $75.71 and a 1-year high of $102.82. 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 announced its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate 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 had revenue of $992 million for the quarter, compared to analysts’ expectations of $968.15 million. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that Crown Castle International Corp. will post $4.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be issued a dividend of $0.95 per share. 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 4.46%. The ex-dividend date is Wednesday, December 14th. Crown Castle International Corp.’s dividend payout ratio is currently 361.23%.

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Several research analysts recently commented on CCI shares. Jefferies Group reaffirmed a “buy” rating on shares of Crown Castle International Corp. in a report on Saturday, August 6th. Oppenheimer Holdings Inc. raised shares of 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. started coverage on shares of 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. cut their price objective on shares of 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 raised shares of 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 assigned a strong buy rating to the stock. The company has an average 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 company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total transaction of $4,911,500.00. Following the completion of the sale, the insider now directly owns 533,972 shares of the company’s stock, valued at $52,452,069.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert F. Mckenzie sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $93.07, for a total transaction of $93,070.00. Following the sale, the director now directly owns 28,741 shares of the company’s stock, valued at $2,674,924.87. The disclosure for this sale can be found here. Company 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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