Crossmark Global Holdings Inc. purchased a new position in Crown Castle International Corporation (NYSE:CCI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,156 shares of the real estate investment trust’s stock, valued at approximately $3,515,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCI. Dimensional Fund Advisors LP grew its holdings in Crown Castle International Corporation by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 149,445 shares of the real estate investment trust’s stock worth $14,115,000 after purchasing an additional 3,003 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Crown Castle International Corporation in the first quarter worth $403,000. Perigon Wealth Management LLC grew its holdings in Crown Castle International Corporation by 205.3% in the first quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,585 shares during the last quarter. Parsons Capital Management Inc. RI grew its holdings in Crown Castle International Corporation by 52.2% in the first quarter. Parsons Capital Management Inc. RI now owns 10,200 shares of the real estate investment trust’s stock worth $963,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Crown Castle International Corporation by 7.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 45,373 shares of the real estate investment trust’s stock worth $4,286,000 after purchasing an additional 3,238 shares during the last quarter. 82.82% of the stock is currently owned by institutional investors and hedge funds.

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Crown Castle International Corporation (NYSE CCI) opened at $106.51 on Friday. The stock has a market cap of $43.22 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.20. The company has a current ratio of 7.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. research analysts forecast that Crown Castle International Corporation will post 4.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.94%. Crown Castle International Corporation’s payout ratio is currently 316.67%.

Several research firms have recently commented on CCI. Macquarie reiterated a “buy” rating and set a $119.00 price objective on shares of Crown Castle International Corporation in a research note on Sunday, October 22nd. Bank of America Corporation lifted their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Citigroup Inc lifted their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.04.

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).

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

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