BBT Capital Management LLC decreased its position in Crown Castle International Corporation (NYSE:CCI) by 72.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,950 shares of the real estate investment trust’s stock after selling 10,197 shares during the quarter. BBT Capital Management LLC’s holdings in Crown Castle International Corporation were worth $395,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky grew its holdings in Crown Castle International Corporation by 10.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 43,650 shares of the real estate investment trust’s stock worth $4,364,000 after acquiring an additional 4,000 shares during the last quarter. LMR Partners LLP lifted its position in Crown Castle International Corporation by 337.4% during the 3rd quarter. LMR Partners LLP now owns 15,536 shares of the real estate investment trust’s stock valued at $1,553,000 after purchasing an additional 11,984 shares during the period. American International Group Inc. lifted its position in Crown Castle International Corporation by 2.1% during the 3rd quarter. American International Group Inc. now owns 175,405 shares of the real estate investment trust’s stock valued at $17,537,000 after purchasing an additional 3,643 shares during the period. Gratus Capital LLC acquired a new position in Crown Castle International Corporation during the 3rd quarter valued at about $5,212,000. Finally, Horan Capital Advisors LLC. acquired a new position in Crown Castle International Corporation during the 3rd quarter valued at about $2,100,000. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Deutsche Bank AG upped their target price on shares of Crown Castle International Corporation from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Cowen Inc reiterated an “outperform” rating and issued a $112.00 price target (up from $105.00) on shares of Crown Castle International Corporation in a research report on Saturday, September 23rd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crown Castle International Corporation in a research report on Monday, October 16th. Finally, UBS AG downgraded shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given 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.

Shares of Crown Castle International Corporation (NYSE CCI) opened at $111.84 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13. The company has a market cap of $45,437.81, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.20. Crown Castle International Corporation has a fifty-two week low of $80.82 and a fifty-two week high of $114.97.

Crown Castle International Corporation (NYSE:CCI) last announced its 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 company 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 business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. equities analysts anticipate that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

In other news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

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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