Miller Howard Investments Inc. NY lowered its position in shares of Crown Castle International Corporation (NYSE:CCI) by 2.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 999,125 shares of the real estate investment trust’s stock after selling 20,053 shares during the quarter. Crown Castle International Corporation comprises about 2.1% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 9th largest position. Miller Howard Investments Inc. NY owned about 0.25% of Crown Castle International Corporation worth $99,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its position in Crown Castle International Corporation by 0.7% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 69,122 shares of the real estate investment trust’s stock worth $6,911,000 after acquiring an additional 509 shares during the period. Buffington Mohr McNeal lifted its position in Crown Castle International Corporation by 1.3% during the 3rd quarter. Buffington Mohr McNeal now owns 43,875 shares of the real estate investment trust’s stock worth $4,527,000 after acquiring an additional 575 shares during the period. IFP Advisors Inc lifted its position in Crown Castle International Corporation by 12.2% during the 3rd quarter. IFP Advisors Inc now owns 9,023 shares of the real estate investment trust’s stock worth $902,000 after acquiring an additional 979 shares during the period. Canada Pension Plan Investment Board lifted its position in Crown Castle International Corporation by 3.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 960,623 shares of the real estate investment trust’s stock worth $96,043,000 after acquiring an additional 34,600 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Crown Castle International Corporation by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 594,689 shares of the real estate investment trust’s stock worth $59,457,000 after acquiring an additional 2,490 shares during the period. 82.82% of the stock is owned by institutional investors.

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A number of analysts have commented on CCI shares. 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. Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price target for the company in a research report on Tuesday, July 11th. Macquarie reaffirmed a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. 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. Finally, Barclays PLC lifted their price target on Crown Castle International Corporation from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $110.04.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) 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 analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $1.05 per share. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is currently 316.67%.

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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