Dimensional Fund Advisors LP increased its holdings in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 91.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,268,110 shares of the real estate investment trust’s stock after purchasing an additional 1,083,972 shares during the period. Dimensional Fund Advisors LP owned 0.56% of Crown Castle International worth $226,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Advisors LLC purchased a new stake in Crown Castle International during the third quarter valued at approximately $100,000. Capital Analysts LLC lifted its position in Crown Castle International by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in Crown Castle International during the third quarter valued at approximately $124,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Crown Castle International during the third quarter valued at approximately $140,000. Finally, Crow Point Partners LLC purchased a new stake in Crown Castle International during the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

Crown Castle International Corp. (CCI) opened at $109.50 on Monday. The stock has a market cap of $44,487.13, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.60 and a beta of 0.22. Crown Castle International Corp. has a fifty-two week low of $83.96 and a fifty-two week high of $114.97. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International 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 period in the prior year, the business posted $1.09 EPS. sell-side analysts expect that Crown Castle International Corp. will post 4.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.84%. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. Crown Castle International’s dividend payout ratio (DPR) is currently 316.67%.

In related news, VP Philip M. Kelley sold 10,551 shares of the firm’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 transaction, the vice president now owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

A number of research firms recently commented on CCI. CIBC reissued a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. BidaskClub raised shares of Crown Castle International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Crown Castle International from a “hold” rating to a “strong-buy” rating and set a $120.00 target price for the company in a research report on Wednesday, September 20th. UBS cut shares of Crown Castle International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Company increased their target price on shares of Crown Castle International from $112.50 to $116.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Nine investment 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.58.

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Crown Castle International 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).

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

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