Forsta AP Fonden lifted its holdings in shares of Crown Castle International Corporation (NYSE:CCI) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 507,004 shares of the real estate investment trust’s stock after acquiring an additional 78,157 shares during the period. Crown Castle International Corporation accounts for approximately 1.8% of Forsta AP Fonden’s investment portfolio, making the stock its 5th biggest holding. Forsta AP Fonden owned approximately 0.12% of Crown Castle International Corporation worth $50,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highstreet Asset Management Inc. raised its position in shares of Crown Castle International Corporation by 101.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 9,463 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 4,756 shares in the last quarter. Spirit of America Management Corp NY raised its position in shares of Crown Castle International Corporation by 104.8% during the 3rd quarter. Spirit of America Management Corp NY now owns 8,600 shares of the real estate investment trust’s stock worth $860,000 after acquiring an additional 4,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Crown Castle International Corporation by 25.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,616 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 1,146 shares in the last quarter. Motco raised its position in shares of Crown Castle International Corporation by 127.0% during the 2nd quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock worth $8,301,000 after acquiring an additional 46,351 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Crown Castle International Corporation by 8.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,674 shares of the real estate investment trust’s stock worth $4,576,000 after acquiring an additional 3,491 shares in the last quarter. 82.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up $0.14 during mid-day trading on Friday, hitting $106.51. The company’s stock had a trading volume of 1,613,545 shares, compared to its average volume of 2,412,577. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $110.65. The stock has a market cap of $43,272.35, a P/E ratio of 22.47, a P/E/G ratio of 1.55 and a beta of 0.20. The company has a quick ratio of 0.95, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International Corporation (NYSE:CCI) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts expect that Crown Castle International Corporation will post 4.43 EPS for the current 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 Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 316.67%.

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

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About Crown Castle International Corporation

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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