Sterling Capital Management LLC lifted its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 34.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,973 shares of the real estate investment trust’s stock after purchasing an additional 158,142 shares during the quarter. Sterling Capital Management LLC owned about 0.15% of Crown Castle International worth $61,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in shares of Crown Castle International during the third quarter valued at about $100,000. Capital Analysts LLC raised its stake in shares of Crown Castle International by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares in the last quarter. Spectrum Management Group Inc. bought a new stake in shares of Crown Castle International during the third quarter valued at about $124,000. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Crown Castle International during the third quarter valued at about $140,000. Finally, Crow Point Partners LLC bought a new stake in shares of Crown Castle International during the third quarter valued at about $151,000. Institutional investors and hedge funds own 94.87% of the company’s stock.

Crown Castle International Corp. (NYSE CCI) opened at $111.37 on Thursday. The firm has a market capitalization of $45,051.85, a PE ratio of 23.40, a P/E/G ratio of 1.62 and a beta of 0.22. Crown Castle International Corp. has a 12 month low of $83.96 and a 12 month high of $114.97. 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 issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share 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 analysts’ expectations of $1.07 billion. Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. analysts expect that Crown Castle International Corp. will post 4.42 earnings per share for the current fiscal year.

The firm 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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, December 14th. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. Crown Castle International’s payout ratio is 316.67%.

In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the transaction, the vice president now owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

A number of equities research analysts recently weighed in on CCI shares. Macquarie restated a “buy” rating and set a $119.00 price objective on shares of Crown Castle International in a research note on Sunday, October 22nd. Bank of America lifted their target price on 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 reaffirmed a “buy” rating and set a $107.00 target price on shares of Crown Castle International in a report on Tuesday, August 29th. Zacks Investment Research lowered Crown Castle International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, Barclays lifted their target price on Crown Castle International from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Crown Castle International currently has an average rating of “Buy” and a consensus price target of $110.58.

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Crown Castle International 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).

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

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