Institutional & Family Asset Management LLC bought a new stake in Crown Castle International Corp. (REIT) (NYSE:CCI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,176 shares of the real estate investment trust’s stock, valued at approximately $318,000.

Other institutional investors have also recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in Crown Castle International in the 3rd quarter valued at about $100,000. Capital Analysts LLC increased its position in Crown Castle International by 5.0% in the 2nd 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 in the last quarter. Spectrum Management Group Inc. bought a new stake in Crown Castle International in the 3rd quarter valued at about $124,000. Fieldpoint Private Securities LLC bought a new stake in Crown Castle International in the 3rd quarter valued at about $137,000. Finally, Knights of Columbus Asset Advisors LLC bought a new stake in Crown Castle International during the 3rd quarter worth approximately $140,000. 94.87% of the stock is owned by institutional investors and hedge funds.

In other news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $10,382,566.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

A number of analysts have commented on the company. Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Deutsche Bank boosted their price objective on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Wells Fargo & Company boosted their price objective on Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Citigroup boosted their price objective on Crown Castle International from $96.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, August 28th. Finally, Bank of America boosted their price objective on Crown Castle International from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.58.

Crown Castle International Corp. (NYSE CCI) opened at $110.65 on Friday. Crown Castle International Corp. has a 12 month low of $83.96 and a 12 month high of $114.97. The firm has a market capitalization of $44,938.09, a P/E ratio of 23.33, a PEG ratio of 1.61 and a beta of 0.22. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International (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 analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Crown Castle International’s quarterly revenue was up 7.2% on a year-over-year basis. research analysts forecast 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. Stockholders of record on Friday, December 15th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Crown Castle International’s previous quarterly dividend of $0.95. Crown Castle International’s payout ratio is presently 350.00%.

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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).

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

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