First Interstate Bank purchased a new position in Crown Castle International Corporation (NYSE:CCI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,795 shares of the real estate investment trust’s stock, valued at approximately $579,000.

Other hedge funds also recently made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in Crown Castle International Corporation in the 3rd quarter worth $100,000. Capital Analysts LLC lifted its stake in Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares in the last quarter. Spectrum Management Group Inc. purchased a new stake in Crown Castle International Corporation in the 3rd quarter worth $124,000. Crow Point Partners LLC purchased a new stake in Crown Castle International Corporation in the 3rd quarter worth $151,000. Finally, Bessemer Group Inc. lifted its stake in Crown Castle International Corporation by 295.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.

In related news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 91,808 shares in the company, valued at approximately $10,382,566.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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Shares of Crown Castle International Corporation (NYSE CCI) traded up $0.46 during trading hours on Tuesday, reaching $110.48. 1,321,500 shares of the company traded hands, compared to its average volume of 2,389,780. The company has a market cap of $44,890.00, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.20. Crown Castle International Corporation has a one year low of $80.82 and a one year high of $114.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.07). The firm had revenue of $1.06 billion for 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. analysts predict that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.80%. This is an increase 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 presently 316.67%.

CCI has been the topic of several research analyst reports. UBS AG cut shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Barclays PLC boosted their target price on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus price target of $110.29.

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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