Toronto Dominion Bank increased its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,952 shares of the real estate investment trust’s stock after buying an additional 29,996 shares during the quarter. Toronto Dominion Bank’s holdings in Crown Castle International Corporation were worth $15,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Dimensional Fund Advisors LP grew its holdings in shares of Crown Castle International Corporation by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 149,445 shares of the real estate investment trust’s stock worth $14,115,000 after buying an additional 3,003 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Crown Castle International Corporation in the 1st quarter valued at approximately $403,000. Winslow Evans & Crocker Inc. boosted its holdings in Crown Castle International Corporation by 36.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 278 shares in the last quarter. Exane Derivatives purchased a new stake in Crown Castle International Corporation in the 2nd quarter valued at approximately $634,000. Finally, TNB Financial purchased a new stake in Crown Castle International Corporation in the 2nd quarter valued at approximately $211,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the sale, the vice president now directly owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Crown Castle International Corporation (NYSE CCI) traded down $0.38 during mid-day trading on Tuesday, hitting $112.90. The stock had a trading volume of 2,060,000 shares, compared to its average volume of 2,398,822. The firm has a market cap of $46,022.84, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.20. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $114.97.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. equities analysts forecast that Crown Castle International Corporation will post 4.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.72%. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is 316.67%.

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CCI has been the topic of several research analyst reports. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. decreased their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Zacks Investment Research lowered Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus price target of $110.04.

About Crown Castle International Corporation

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).

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

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