Reaves W H & Co. Inc. raised its stake in Crown Castle International Corporation (NYSE:CCI) by 13.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 722,251 shares of the real estate investment trust’s stock after acquiring an additional 87,926 shares during the period. Crown Castle International Corporation makes up 2.6% of Reaves W H & Co. Inc.’s portfolio, making the stock its 10th biggest position. Reaves W H & Co. Inc. owned approximately 0.18% of Crown Castle International Corporation worth $72,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Fiduciary Trust Co. boosted its position in shares of Crown Castle International Corporation by 0.7% during the second quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 21 shares during the last quarter. Capital Analysts LLC boosted its position in shares of Crown Castle International Corporation 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 buying an additional 53 shares during the last quarter. FineMark National Bank & Trust boosted its position in shares of Crown Castle International Corporation by 1.2% during the second quarter. FineMark National Bank & Trust now owns 5,032 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 60 shares during the last quarter. Trustmark National Bank Trust Department boosted its position in shares of Crown Castle International Corporation by 0.6% during the second quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 63 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its position in shares of Crown Castle International Corporation by 5.1% during the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 90 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (CCI) traded down $1.43 during midday trading on Friday, hitting $111.12. The stock had a trading volume of 2,923,900 shares, compared to its average volume of 2,393,407. 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 Corporation has a 1 year low of $80.82 and a 1 year high of $114.97. The company has a market capitalization of $45,150.00, a P/E ratio of 23.75, a P/E/G ratio of 1.64 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings data 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 Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $1.09 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. analysts forecast that Crown Castle International Corporation will post 4.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $1.05 dividend. The ex-dividend date is Thursday, December 14th. This represents a $4.20 annualized dividend and a dividend yield of 3.78%. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio (DPR) is 316.67%.

In other news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the transaction, the vice president now owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Several equities research analysts recently commented on the company. Deutsche Bank AG increased their price objective on Crown Castle International Corporation from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp reaffirmed a “hold” rating on shares of Crown Castle International Corporation in a research report on Tuesday, October 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Bank of America Corporation increased their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Citigroup Inc. increased their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Nine equities research 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 stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus target price of $110.29.

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Crown Castle International Corporation 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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