Great West Life Assurance Co. Can lowered its position in shares of Crown Castle International Corporation (NYSE:CCI) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 650,382 shares of the real estate investment trust’s stock after selling 2,121 shares during the quarter. Great West Life Assurance Co. Can owned 0.16% of Crown Castle International worth $65,115,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CCI. Jennison Associates LLC raised its stake 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 worth $782,016,000 after purchasing an additional 6,901,353 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 worth $556,464,000 after purchasing an additional 5,333,700 shares in the last quarter. Capital World Investors raised its stake 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 worth $2,317,446,000 after purchasing an additional 2,584,490 shares in the last quarter. PointState Capital LP bought a new stake in shares of Crown Castle International during the 2nd quarter worth approximately $188,265,000. Finally, Daiwa Securities Group Inc. raised its stake in Crown Castle International by 43.4% in 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 acquiring an additional 1,620,886 shares during the period. 87.01% of the stock is owned by hedge funds and other institutional investors.

Crown Castle International Corporation (CCI) traded up $0.88 during mid-day trading on Monday, reaching $112.72. The company’s stock had a trading volume of 535,500 shares, compared to its average volume of 2,374,983. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $45,795.32, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.20. Crown Castle International Corporation has a 1 year low of $80.82 and a 1 year high of $114.97.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data 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). The firm had revenue of $1.06 billion for 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%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. equities research analysts expect that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $1.05 per share. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, December 14th. This represents a $4.20 annualized dividend and a yield of 3.73%. Crown Castle International’s dividend payout ratio (DPR) is presently 316.67%.

A number of equities research analysts recently weighed in on CCI shares. BidaskClub upgraded Crown Castle International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Citigroup Inc. increased their price target on Crown Castle International from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price target on shares of Crown Castle International in a research note on Tuesday, August 29th. Bank of America Corporation increased their price target on Crown Castle International from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded Crown Castle International from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, September 20th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $110.29.

In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of the stock in a transaction on 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 in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company 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).

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

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