Knights of Columbus Asset Advisors LLC purchased a new position in Crown Castle International Corporation (NYSE:CCI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,400 shares of the real estate investment trust’s stock, valued at approximately $140,000.

A number of other hedge funds have also made changes to their positions in CCI. Jennison Associates LLC lifted its stake in Crown Castle International Corporation by 762.8% in the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after acquiring an additional 6,901,353 shares during the period. Janus Henderson Group PLC lifted its position in Crown Castle International Corporation by 2,414.4% during the second quarter. Janus Henderson Group PLC now owns 5,554,608 shares of the real estate investment trust’s stock valued at $556,464,000 after buying an additional 5,333,700 shares during the period. Capital World Investors lifted its position in Crown Castle International Corporation by 12.6% during the second quarter. Capital World Investors now owns 23,132,825 shares of the real estate investment trust’s stock valued at $2,317,446,000 after buying an additional 2,584,490 shares during the period. PointState Capital LP purchased a new position in Crown Castle International Corporation during the second quarter valued at $188,265,000. Finally, Daiwa Securities Group Inc. lifted its position in Crown Castle International Corporation by 43.4% during the third 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 buying an additional 1,620,886 shares during the period. 87.01% of the stock is owned by institutional investors.

CCI has been the subject of several recent research reports. Bank of America Corporation raised 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. Royal Bank Of Canada reissued 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. BidaskClub raised Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Macquarie reissued a “buy” rating and set a $119.00 price objective on shares of Crown Castle International Corporation in a research report on Sunday, October 22nd. Finally, Deutsche Bank AG raised 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, November 17th. Nine equities 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 stock. The stock has a consensus rating of “Buy” and an average price target of $110.29.

Crown Castle International Corporation (NYSE CCI) opened at $111.84 on Friday. Crown Castle International Corporation has a twelve month low of $80.82 and a twelve month high of $114.97. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $45,437.81, a price-to-earnings ratio of 23.59, a PEG ratio of 1.63 and a beta of 0.20.

Crown Castle International Corporation (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 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. Crown Castle International Corporation’s revenue was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that Crown Castle International Corporation will post 4.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. 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 3.76%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 316.67%.

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In other news, VP Philip M. Kelley sold 10,551 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 91,808 shares in the company, valued at $10,382,566.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

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).

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

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