Stoneridge Investment Partners LLC lifted its stake in Crown Castle International Corporation (NYSE:CCI) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,537 shares of the real estate investment trust’s stock after purchasing an additional 13,539 shares during the quarter. Crown Castle International Corporation comprises approximately 1.4% of Stoneridge Investment Partners LLC’s holdings, making the stock its 15th largest position. Stoneridge Investment Partners LLC’s holdings in Crown Castle International Corporation were worth $8,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its position in shares of Crown Castle International Corporation by 17.1% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 38,850 shares of the real estate investment trust’s stock worth $3,884,000 after purchasing an additional 5,668 shares in the last quarter. Highstreet Asset Management Inc. raised its holdings in Crown Castle International Corporation by 101.0% in the 3rd quarter. Highstreet Asset Management Inc. now owns 9,463 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 4,756 shares during the last quarter. Spirit of America Management Corp NY raised its holdings in Crown Castle International Corporation by 104.8% in the 3rd quarter. Spirit of America Management Corp NY now owns 8,600 shares of the real estate investment trust’s stock worth $860,000 after acquiring an additional 4,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Crown Castle International Corporation by 25.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,616 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Motco raised its holdings in Crown Castle International Corporation by 127.0% in the 2nd quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock worth $8,301,000 after acquiring an additional 46,351 shares during the last quarter. 82.88% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (NYSE:CCI) traded up $5.30 during trading hours on Tuesday, hitting $111.81. The stock had a trading volume of 6,481,685 shares, compared to its average volume of 2,420,000. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 0.95. The stock has a market cap of $45,430.00, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.55 and a beta of 0.20. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $114.84.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. research analysts anticipate that Crown Castle International Corporation will post 4.43 earnings per share for the current 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 issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.76%. This is a positive change from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is 316.67%.

A number of equities analysts recently weighed in on CCI shares. UBS AG lowered shares of Crown Castle International Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Barclays PLC boosted their price objective on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Nine equities 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $110.04.

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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).

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

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