Candriam Luxembourg S.C.A. increased its stake in Crown Castle International Corporation (NYSE:CCI) by 16.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,591 shares of the real estate investment trust’s stock after acquiring an additional 3,944 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Crown Castle International Corporation were worth $2,759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Crown Castle International Corporation by 295.9% in the third quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 1,151 shares during the last quarter. Princeton Capital Management Inc. boosted its position in shares of Crown Castle International Corporation by 23.6% in the third quarter. Princeton Capital Management Inc. now owns 72,561 shares of the real estate investment trust’s stock worth $7,255,000 after acquiring an additional 13,854 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Crown Castle International Corporation by 35.0% in the third quarter. Advantus Capital Management Inc now owns 95,029 shares of the real estate investment trust’s stock worth $9,501,000 after acquiring an additional 24,658 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of Crown Castle International Corporation by 2.8% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 268,536 shares of the real estate investment trust’s stock worth $26,848,000 after acquiring an additional 7,334 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Crown Castle International Corporation by 9.7% in the third quarter. Swiss National Bank now owns 1,925,949 shares of the real estate investment trust’s stock worth $192,556,000 after acquiring an additional 170,400 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the transaction, the vice president now directly owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

Crown Castle International Corporation (CCI) opened at $112.55 on Thursday. Crown Castle International Corporation has a 12-month low of $80.82 and a 12-month high of $114.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13. The company has a market cap of $45,974.09, a price-to-earnings ratio of 23.87, a PEG ratio of 1.65 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. research analysts anticipate that Crown Castle International Corporation will post 4.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given 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 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s payout ratio is presently 316.67%.

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CCI has been the topic of several research analyst reports. Macquarie reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Bank of America Corporation raised their target price on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Barclays PLC lifted their price target on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has an average rating of “Buy” and an average price target of $110.04.

Crown Castle International Corporation Company 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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