Macquarie Group Ltd. raised its position in Crown Castle International Corporation (NYSE:CCI) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,212,873 shares of the real estate investment trust’s stock after acquiring an additional 74,411 shares during the quarter. Macquarie Group Ltd. owned 0.79% of Crown Castle International Corporation worth $321,223,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Advisors LLC purchased a new position in shares of Crown Castle International Corporation during the 3rd quarter valued at approximately $100,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Crown Castle International Corporation by 36.0% during 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 buying an additional 278 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares during the last quarter. Spectrum Management Group Inc. purchased a new position in shares of Crown Castle International Corporation during the 3rd quarter valued at approximately $124,000. Finally, Crow Point Partners LLC purchased a new position in shares of Crown Castle International Corporation during the 3rd quarter valued at approximately $151,000. Institutional investors own 83.80% of the company’s stock.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the sale, the vice president now directly owns 91,808 shares in the company, valued at $10,382,566.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

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CCI has been the subject of several research analyst reports. Macquarie reiterated a “buy” rating and set a $119.00 target price on shares of Crown Castle International Corporation in a research note on Sunday, October 22nd. Bank of America Corporation increased their target price on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Zacks Investment Research cut Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Citigroup Inc. increased their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation currently has an average rating of “Buy” and an average target price of $110.29.

Crown Castle International Corporation (NYSE CCI) traded down $1.43 during mid-day trading on Friday, reaching $111.12. The company’s stock had a trading volume of 2,923,900 shares, compared to its average volume of 2,393,407. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13. The company has a market capitalization of $45,150.00, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.64 and a beta of 0.20. Crown Castle International Corporation has a 12 month low of $80.82 and a 12 month high of $114.97.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.78%. 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 (DPR) is presently 316.67%.

Crown Castle International Corporation 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).

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

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