Yorktown Management & Research Co Inc raised its position in shares of Crown Castle International Corporation (NYSE:CCI) by 7.2% during the third quarter, Holdings Channel reports. The institutional investor owned 26,800 shares of the real estate investment trust’s stock after buying an additional 1,800 shares during the period. Yorktown Management & Research Co Inc’s holdings in Crown Castle International Corporation were worth $2,525,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Capital World Investors boosted its stake in Crown Castle International Corporation by 9.1% in the second quarter. Capital World Investors now owns 16,967,230 shares of the real estate investment trust’s stock worth $1,720,986,000 after buying an additional 1,415,745 shares during the last quarter. Capital International Investors boosted its stake in Crown Castle International Corporation by 12.5% in the second quarter. Capital International Investors now owns 6,410,200 shares of the real estate investment trust’s stock worth $650,187,000 after buying an additional 712,500 shares during the last quarter. Janus Capital Management LLC boosted its stake in Crown Castle International Corporation by 2.7% in the second quarter. Janus Capital Management LLC now owns 5,261,151 shares of the real estate investment trust’s stock worth $533,639,000 after buying an additional 140,166 shares during the last quarter. Cohen & Steers Inc. boosted its stake in Crown Castle International Corporation by 25.0% in the second quarter. Cohen & Steers Inc. now owns 4,114,062 shares of the real estate investment trust’s stock worth $417,289,000 after buying an additional 822,423 shares during the last quarter. Finally, Winslow Capital Management LLC purchased a new stake in Crown Castle International Corporation during the second quarter worth approximately $315,023,000. 89.57% of the stock is owned by institutional investors and hedge funds.

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

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.72% during mid-day trading on Friday, hitting $85.79. 802,936 shares of the stock traded hands. Crown Castle International Corporation has a 12 month low of $75.71 and a 12 month high of $102.82. The stock has a market cap of $28.96 billion, a price-to-earnings ratio of 88.26 and a beta of 0.31. The firm has a 50 day moving average of $85.68 and a 200 day moving average of $91.79.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Thursday, October 20th. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.18 by $0.09. The company had revenue of $992 million for the quarter, compared to analysts’ expectations of $968.15 million. Crown Castle International Corporation had a return on equity of 4.84% and a net margin of 9.45%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts expect that Crown Castle International Corporation will post $0.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Wednesday, December 14th. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.89. Crown Castle International Corporation’s payout ratio is currently 387.76%.

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Several equities research analysts recently issued reports on the stock. Citigroup Inc. dropped their target price on shares of Crown Castle International Corporation from $109.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 16th. Zacks Investment Research upgraded shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a report on Monday, September 26th. Deutsche Bank AG restated a “buy” rating and issued a $106.00 target price on shares of Crown Castle International Corporation in a report on Friday, November 4th. Macquarie assumed coverage on shares of Crown Castle International Corporation in a report on Tuesday, December 6th. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, Guggenheim assumed coverage on shares of Crown Castle International Corporation in a report on Thursday, December 15th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $101.28.

In other Crown Castle International Corporation news, CFO Daniel K. Schlanger acquired 3,140 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of $79.74 per share, with a total value of $250,383.60. Following the acquisition, the chief financial officer now directly owns 3,140 shares of the company’s stock, valued at $250,383.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rob A. Fisher sold 1,843 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $85.31, for a total transaction of $157,226.33. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at $1,194,340. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

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).

5 Day Chart for NYSE:CCI

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