National Pension Service raised its position in Crown Castle International Corp. (NYSE:CCI) by 8.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 233,939 shares of the real estate investment trust’s stock after buying an additional 18,983 shares during the period. National Pension Service owned 0.07% of Crown Castle International Corp. worth $22,039,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Maple Brown Abbott Ltd raised its position in Crown Castle International Corp. by 2.3% in the second quarter. Maple Brown Abbott Ltd now owns 320,968 shares of the real estate investment trust’s stock worth $32,556,000 after buying an additional 7,210 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Crown Castle International Corp. during the second quarter worth $49,830,000. Daiwa Securities Group Inc. raised its position in Crown Castle International Corp. by 42.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,252,382 shares of the real estate investment trust’s stock worth $228,459,000 after buying an additional 671,455 shares during the last quarter. Aviance Capital Management LLC raised its position in Crown Castle International Corp. by 58.2% in the second quarter. Aviance Capital Management LLC now owns 193,588 shares of the real estate investment trust’s stock worth $19,635,000 after buying an additional 71,218 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp raised its position in Crown Castle International Corp. by 14.3% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 126,827 shares of the real estate investment trust’s stock worth $12,864,000 after buying an additional 15,880 shares during 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)

Crown Castle International Corp. (NYSE:CCI) traded down 1.81% during midday trading on Wednesday, reaching $83.69. The company had a trading volume of 855,559 shares. The firm’s 50 day moving average is $88.45 and its 200 day moving average is $93.33. The stock has a market capitalization of $28.25 billion, a PE ratio of 86.10 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.

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

The firm also recently announced 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 is an increase from Crown Castle International Corp.’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $3.80 annualized dividend and a dividend yield of 4.46%. Crown Castle International Corp.’s dividend payout ratio is 361.23%.

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A number of research firms have weighed in on CCI. Jefferies Group reiterated a “buy” rating on shares of Crown Castle International Corp. in a research note on Saturday, August 6th. Deutsche Bank AG reiterated a “buy” rating and set a $106.00 price objective on shares of Crown Castle International Corp. in a research note on Friday, November 4th. Zacks Investment Research lowered Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. 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 research note on Tuesday, September 6th. Finally, SunTrust Banks Inc. started coverage on Crown Castle International Corp. in a research note on Monday, September 12th. They set a “buy” rating and a $107.00 price objective for the company. Four equities 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. currently has a consensus rating of “Buy” and a consensus target price of $103.21.

In other news, 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 transaction of $93,070.00. Following the completion of the sale, the director now owns 28,741 shares in the company, valued at $2,674,924.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,911,500.00. Following the sale, the insider now owns 533,972 shares of the company’s stock, valued at approximately $52,452,069.56. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Crown Castle International Corp. Company Profile

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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