Chicago Partners Investment Group LLC grew its stake in Crown Castle International Corp. (REIT) (NYSE:CCI) by 177.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,961 shares of the real estate investment trust’s stock after buying an additional 35,159 shares during the period. Crown Castle International makes up about 0.9% of Chicago Partners Investment Group LLC’s holdings, making the stock its 28th biggest holding. Chicago Partners Investment Group LLC’s holdings in Crown Castle International were worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Crown Castle International by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock worth $2,441,666,000 after buying an additional 891,908 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Crown Castle International by 4.2% in the 2nd quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after acquiring an additional 975,757 shares during the last quarter. Capital World Investors lifted its holdings in shares of Crown Castle International by 12.6% in the 2nd quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock worth $2,317,446,000 after acquiring an additional 2,584,490 shares during the last quarter. Capital International Investors lifted its holdings in shares of Crown Castle International by 10.4% in the 2nd quarter. Capital International Investors now owns 8,445,600 shares of the real estate investment trust’s stock worth $846,080,000 after acquiring an additional 793,400 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Crown Castle International by 3.0% in the 3rd quarter. Jennison Associates LLC now owns 8,042,148 shares of the real estate investment trust’s stock worth $804,054,000 after acquiring an additional 236,039 shares during the last quarter. 94.87% of the stock is owned by institutional investors and hedge funds.

In related news, VP Philip M. Kelley sold 10,551 shares of the company’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 sale, the vice president now directly owns 91,808 shares in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Shares of Crown Castle International Corp. (NYSE:CCI) opened at $110.61 on Friday. Crown Castle International Corp. has a 1-year low of $83.96 and a 1-year high of $114.97. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $45,246.86, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.63 and a beta of 0.22.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts anticipate that Crown Castle International Corp. will post 4.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $1.05 per share. This is a positive change from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, December 14th. Crown Castle International’s dividend payout ratio is currently 316.67%.

A number of equities research analysts have recently weighed in on CCI shares. KeyCorp boosted their price objective on shares of Crown Castle International from $106.00 to $114.00 in a report on Monday, November 27th. Bank of America boosted their price objective on shares of Crown Castle International from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Royal Bank of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International in a report on Tuesday, August 29th. Macquarie restated a “buy” rating and issued a $119.00 price objective on shares of Crown Castle International in a report on Sunday, October 22nd. Finally, Deutsche Bank boosted their price objective on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Nine 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 stock presently has a consensus rating of “Buy” and a consensus target price of $110.58.

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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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