Appleton Partners Inc. MA raised its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 9.5% in the fourth quarter, Holdings Channel reports. The fund owned 13,990 shares of the real estate investment trust’s stock after buying an additional 1,209 shares during the period. Appleton Partners Inc. MA’s holdings in Crown Castle International were worth $1,553,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Grassi Investment Management lifted its stake in Crown Castle International by 11.0% in the fourth quarter. Grassi Investment Management now owns 7,803 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 776 shares during the last quarter. Union Bankshares Corp lifted its stake in Crown Castle International by 10.4% in the fourth quarter. Union Bankshares Corp now owns 37,793 shares of the real estate investment trust’s stock worth $4,196,000 after acquiring an additional 3,574 shares during the last quarter. DnB Asset Management AS lifted its stake in Crown Castle International by 5.9% in the fourth quarter. DnB Asset Management AS now owns 41,248 shares of the real estate investment trust’s stock worth $4,579,000 after acquiring an additional 2,300 shares during the last quarter. Fulton Bank N.A. lifted its stake in Crown Castle International by 8.5% in the fourth quarter. Fulton Bank N.A. now owns 25,525 shares of the real estate investment trust’s stock worth $2,833,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Crown Castle International by 2.0% in the third quarter. Prudential Financial Inc. now owns 553,315 shares of the real estate investment trust’s stock worth $55,320,000 after acquiring an additional 10,790 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Shares of Crown Castle International Corp. (NYSE:CCI) opened at $103.57 on Friday. Crown Castle International Corp. has a 12-month low of $84.63 and a 12-month high of $114.97. The company has a market cap of $42,130.00, a price-to-earnings ratio of 86.31, a P/E/G ratio of 1.27 and a beta of 0.23. 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 (NYSE:CCI) last released 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). Crown Castle International had a net margin of 11.35% and a return on equity of 5.93%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts forecast that Crown Castle International Corp. will post 4.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $1.05 dividend. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a yield of 4.06%. The ex-dividend date was Thursday, December 14th. Crown Castle International’s payout ratio is currently 350.00%.

A number of research analysts recently issued reports on CCI shares. Zacks Investment Research upgraded shares of Crown Castle International from a “hold” rating to a “strong-buy” rating and set a $120.00 price target for the company in a research note on Wednesday, September 20th. Cowen restated an “outperform” rating and set a $112.00 price objective (up previously from $105.00) on shares of Crown Castle International in a research report on Saturday, September 23rd. UBS Group downgraded shares of Crown Castle International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Oppenheimer restated a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. Finally, CIBC restated a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $112.17.

In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $113.09, for a total value of $1,193,212.59. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

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About Crown Castle International

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 (NYSE:CCI)

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