Barings LLC grew its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,583 shares of the real estate investment trust’s stock after purchasing an additional 50,835 shares during the period. Barings LLC’s holdings in Crown Castle International were worth $31,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its stake in shares of Crown Castle International by 10.3% in the 3rd quarter. Sigma Planning Corp now owns 4,994 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 467 shares in the last quarter. Cibc Bank USA lifted its stake in shares of Crown Castle International by 6.2% in the 4th quarter. Cibc Bank USA now owns 8,155 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 478 shares in the last quarter. Bremer Trust National Association lifted its stake in shares of Crown Castle International by 24.3% in the 3rd quarter. Bremer Trust National Association now owns 2,496 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 488 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in shares of Crown Castle International by 1.3% in the 3rd quarter. ETRADE Capital Management LLC now owns 40,626 shares of the real estate investment trust’s stock valued at $4,062,000 after purchasing an additional 505 shares in the last quarter. Finally, Solaris Asset Management LLC lifted its stake in shares of Crown Castle International by 25.9% in the 4th quarter. Solaris Asset Management LLC now owns 2,462 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 507 shares in the last quarter. 93.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corp. (NYSE CCI) opened at $105.11 on Tuesday. The company has a market capitalization of $42,200.00, a PE ratio of 104.07, a P/E/G ratio of 1.28 and a beta of 0.26. The company has a current ratio of 0.88, a quick ratio of 7.13 and a debt-to-equity ratio of 1.30. Crown Castle International Corp. has a twelve month low of $86.93 and a twelve month high of $114.97.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.84). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. research analysts predict that Crown Castle International Corp. will post 5.25 earnings per share for the current year.

Several equities analysts have recently weighed in on CCI shares. Barclays lifted their price objective on Crown Castle International from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Wells Fargo & Co lifted their price objective on Crown Castle International from $112.50 to $116.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Macquarie reiterated a “buy” rating and set a $119.00 target price on shares of Crown Castle International in a report on Sunday, October 22nd. Finally, Deutsche Bank raised their target price on Crown Castle International from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Crown Castle International currently has an average rating of “Buy” and an average target price of $113.33.

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Crown Castle International 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).

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

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