Nisa Investment Advisors LLC raised its stake in shares of Crown Castle International Corp. (NYSE:CCI) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,665 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Crown Castle International Corp. were worth $7,976,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Analysts LLC boosted its stake in Crown Castle International Corp. by 0.7% in the second quarter. Capital Analysts LLC now owns 1,057 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 7 shares during the last quarter. FineMark National Bank & Trust boosted its stake in Crown Castle International Corp. by 846.6% in the second quarter. FineMark National Bank & Trust now owns 1,117 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 999 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Crown Castle International Corp. by 309.7% in the second quarter. CENTRAL TRUST Co now owns 1,229 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 929 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Crown Castle International Corp. during the second quarter valued at approximately $136,000. Finally, Van ECK Associates Corp purchased a new stake in Crown Castle International Corp. during the second quarter valued at approximately $153,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

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

Shares of Crown Castle International Corp. (NYSE:CCI) traded up 1.06% on Tuesday, reaching $85.24. The company’s stock had a trading volume of 1,553,491 shares. The firm’s 50 day moving average is $88.45 and its 200-day moving average is $93.33. The stock has a market cap of $28.77 billion, a P/E ratio of 87.70 and a beta of 0.35. Crown Castle International Corp. has a 52-week low of $75.71 and a 52-week high of $102.82.

Crown Castle International Corp. (NYSE:CCI) last announced its quarterly earnings data on Thursday, October 20th. The real estate investment trust reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by $0.09. Crown Castle International Corp. had a net margin of 9.45% and a return on equity of 4.84%. The firm earned $992 million during the quarter, compared to analyst estimates of $968.15 million. During the same period last year, the business posted $1.07 EPS. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Crown Castle International Corp. will post $4.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, December 14th. This is a boost from Crown Castle International Corp.’s previous quarterly dividend of $0.89. Crown Castle International Corp.’s dividend payout ratio (DPR) is 361.23%.

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Several equities research analysts have commented on CCI shares. Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research note on Saturday, August 6th. Oppenheimer Holdings Inc. upgraded Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 target price on the stock in a research note on Tuesday, September 6th. SunTrust Banks Inc. started coverage on Crown Castle International Corp. in a research note on Monday, September 12th. They issued a “buy” rating and a $107.00 target price on the stock. Citigroup Inc. cut their target price on Crown Castle International Corp. from $109.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, September 16th. Finally, Zacks Investment Research upgraded Crown Castle International Corp. from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a research note on Monday, September 26th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Crown Castle International Corp. presently has an average rating of “Buy” and an average target price of $103.21.

In other Crown Castle International Corp. news, Director Robert F. Mckenzie sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $93.07, for a total value of $93,070.00. Following the completion of the sale, the director now owns 28,741 shares of the company’s stock, valued at $2,674,924.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman W Benjamin Moreland sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $98.23, for a total value of $4,911,500.00. Following the completion of the transaction, the insider now owns 533,972 shares in the company, valued at approximately $52,452,069.56. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

About Crown Castle International Corp.

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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