Commerzbank Aktiengesellschaft FI bought a new stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,203 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCI. Jennison Associates LLC raised its position in shares of Crown Castle International by 762.8% during the 2nd quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock valued at $782,016,000 after buying an additional 6,901,353 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Crown Castle International by 2,414.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,554,608 shares of the real estate investment trust’s stock valued at $556,464,000 after buying an additional 5,333,700 shares in the last quarter. Capital World Investors raised its position in shares of Crown Castle International by 12.6% during the 2nd quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after buying an additional 2,584,490 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Crown Castle International during the 2nd quarter valued at about $188,265,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Crown Castle International by 43.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,357,951 shares of the real estate investment trust’s stock valued at $535,687,000 after buying an additional 1,620,886 shares in the last quarter. Hedge funds and other institutional investors own 94.87% of the company’s stock.

Crown Castle International Corp. (CCI) opened at $110.91 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13. The company has a market cap of $44,487.13, a PE 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 one year low of $83.96 and a one year high of $114.97.

Crown Castle International (NYSE:CCI) last issued its 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). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. Crown Castle International’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. sell-side analysts anticipate that Crown Castle International Corp. will post 4.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $1.05 dividend. This is an increase 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 3.79%. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International’s dividend payout ratio is currently 316.67%.

A number of research firms recently weighed in on CCI. KeyCorp increased their price objective on shares of Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Deutsche Bank increased their price objective on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Wells Fargo & Company increased their price objective on shares of Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Finally, Macquarie reissued a “buy” rating and issued a $119.00 price objective on shares of Crown Castle International in a research report on Sunday, October 22nd. Nine 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 has a consensus rating of “Buy” and an average target price of $110.58.

In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $10,382,566.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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Crown Castle International 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).

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

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