Kissinger Financial Services LLC lowered its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 19,130 shares of the real estate investment trust’s stock after selling 660 shares during the period. Crown Castle International Corp. (REIT) comprises approximately 1.9% of Kissinger Financial Services LLC’s holdings, making the stock its 20th largest position. Kissinger Financial Services LLC’s holdings in Crown Castle International Corp. (REIT) were worth $1,807,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA increased its position in shares of Crown Castle International Corp. (REIT) by 54.4% in the fourth quarter. Federated Investors Inc. PA now owns 8,736,412 shares of the real estate investment trust’s stock worth $758,059,000 after buying an additional 3,078,924 shares during the last quarter. Norges Bank acquired a new position in shares of Crown Castle International Corp. (REIT) during the fourth quarter worth about $166,754,000. Russell Investments Group Ltd. acquired a new position in shares of Crown Castle International Corp. (REIT) during the fourth quarter worth about $117,543,000. Renaissance Technologies LLC increased its position in shares of Crown Castle International Corp. (REIT) by 61.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,954,903 shares of the real estate investment trust’s stock worth $256,397,000 after buying an additional 1,128,703 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Crown Castle International Corp. (REIT) during the fourth quarter worth about $90,648,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Crown Castle International Corp. (NYSE:CCI) traded up 0.55% during midday trading on Tuesday, reaching $96.83. The company’s stock had a trading volume of 1,092,887 shares. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 101.93 and a beta of 0.27. Crown Castle International Corp. has a 52 week low of $79.38 and a 52 week high of $102.82. The company has a 50 day moving average of $92.87 and a 200-day moving average of $89.04.

Crown Castle International Corp. (REIT) (NYSE:CCI) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.76. Crown Castle International Corp. (REIT) had a net margin of 8.82% and a return on equity of 5.18%. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $989.36 million. During the same period in the prior year, the business earned $1.11 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Crown Castle International Corp. will post $1.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a $0.95 dividend. The ex-dividend date was Wednesday, March 15th. This represents a $3.80 annualized dividend and a yield of 3.95%. Crown Castle International Corp. (REIT)’s dividend payout ratio is presently 404.26%.

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Several equities analysts recently issued reports on CCI shares. Zacks Investment Research raised Crown Castle International Corp. (REIT) from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a research report on Friday, January 13th. Wells Fargo & Co raised Crown Castle International Corp. (REIT) from a “market perform” rating to an “outperform” rating in a research report on Wednesday, March 8th. Macquarie reissued an “outperform” rating and issued a $95.00 target price on shares of Crown Castle International Corp. (REIT) in a research report on Friday, December 23rd. BTIG Research reissued a “neutral” rating and issued a $91.50 target price on shares of Crown Castle International Corp. (REIT) in a research report on Wednesday, December 21st. Finally, Guggenheim raised Crown Castle International Corp. (REIT) from a “neutral” rating to a “buy” rating and upped their target price for the company from $91.00 to $101.00 in a research report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $101.68.

In other Crown Castle International Corp. (REIT) news, Director Robert E. Garrison II sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $90.66, for a total value of $218,762.58. Following the completion of the transaction, the director now owns 24,100 shares of the company’s stock, valued at approximately $2,184,906. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

About Crown Castle International Corp. (REIT)

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).

5 Day Chart for NYSE:CCI

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