Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Crown Castle International Corporation (NYSE:CCI) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,860 shares of the real estate investment trust’s stock after buying an additional 8,550 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Crown Castle International Corporation were worth $6,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CCI. Winslow Evans & Crocker Inc. boosted its stake in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the period. Capital Analysts LLC boosted its stake in shares of Crown Castle International Corporation by 5.0% in the second 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 during the period. Crow Point Partners LLC bought a new stake in shares of Crown Castle International Corporation in the third quarter valued at approximately $151,000. Parallel Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 35.3% in the second quarter. Parallel Advisors LLC now owns 1,727 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 451 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in shares of Crown Castle International Corporation by 1,306.2% in the third quarter. Cable Hill Partners LLC now owns 1,814 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,685 shares during the period. Institutional investors and hedge funds own 82.88% of the company’s stock.

Crown Castle International Corporation (NYSE:CCI) opened at $110.58 on Tuesday. The stock has a market cap of $45,430.00, a price-to-earnings ratio of 22.47, a PEG ratio of 1.55 and a beta of 0.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 7.13. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $114.84.

Crown Castle International Corporation (NYSE:CCI) last announced 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation 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 last year, the company posted $1.09 earnings per share. research analysts predict 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 of this dividend 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 3.80%. Crown Castle International Corporation’s dividend payout ratio is 316.67%.

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Several brokerages recently issued reports on CCI. KeyCorp reiterated a “hold” rating on shares of Crown Castle International Corporation in a research note on Tuesday, October 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Bank of America Corporation boosted their price objective on shares of 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. Citigroup Inc. boosted their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Finally, BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Nine 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 company. The stock presently has an average rating of “Buy” and a consensus price target of $110.04.

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).

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

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