Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,632 shares of the real estate investment trust’s stock after acquiring an additional 10,238 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Crown Castle International were worth $20,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCI. Marshall Wace LLP acquired a new stake in Crown Castle International during the first quarter valued at approximately $118,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Crown Castle International during the third quarter worth $241,000. Pinnacle Associates Ltd. acquired a new stake in shares of Crown Castle International during the third quarter worth $240,000. MAI Capital Management lifted its holdings in shares of Crown Castle International by 22.5% during the third quarter. MAI Capital Management now owns 32,366 shares of the real estate investment trust’s stock valued at $5,389,000 after purchasing an additional 5,949 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in Crown Castle International by 13.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 575 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 66 shares in the last quarter. 90.07% of the stock is owned by institutional investors.

A number of equities analysts recently commented on CCI shares. Deutsche Bank Aktiengesellschaft raised shares of Crown Castle International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $177.00 to $180.00 in a research note on Friday, December 11th. Smith Barney Citigroup raised shares of Crown Castle International from a “neutral” rating to a “buy” rating in a research report on Thursday, January 14th. Raymond James cut their target price on shares of Crown Castle International from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, January 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Crown Castle International from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Thursday, January 14th. Finally, Credit Suisse Group lowered their target price on Crown Castle International from $158.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, January 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $175.30.

In related news, Director Kevin A. Stephens acquired 2,000 shares of the business’s stock in a transaction dated Monday, February 1st. The stock was acquired at an average price of $164.15 per share, with a total value of $328,300.00. Following the completion of the transaction, the director now owns 4,086 shares of the company’s stock, valued at $670,716.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Thornton III bought 1,500 shares of Crown Castle International stock in a transaction that occurred on Tuesday, February 9th. The stock was bought at an average price of $163.03 per share, with a total value of $244,545.00. Following the purchase, the director now owns 2,048 shares of the company’s stock, valued at approximately $333,885.44. The disclosure for this purchase can be found here. Insiders bought 3,600 shares of company stock worth $588,547 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Shares of NYSE CCI opened at $165.32 on Tuesday. The business’s 50-day simple moving average is $159.65 and its 200-day simple moving average is $161.59. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.62 and a current ratio of 0.62. Crown Castle International Corp. has a 52 week low of $114.18 and a 52 week high of $180.00. The firm has a market cap of $71.30 billion, a price-to-earnings ratio of 103.33, a P/E/G ratio of 1.18 and a beta of 0.30.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Crown Castle International had a return on equity of 7.57% and a net margin of 13.09%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, equities research analysts forecast that Crown Castle International Corp. will post 5.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th will be given a $1.33 dividend. This represents a $5.32 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 12th. Crown Castle International’s dividend payout ratio is currently 93.50%.

Crown Castle International Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

See Also: Capital Gains Distribution

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

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