Swiss National Bank reduced its stake in shares of Crown Castle International Corp. (NYSE:CCI) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,432,649 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Swiss National Bank’s holdings in Crown Castle International Corp. were worth $134,970,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CCI. Ladenburg Thalmann Financial Services Inc. increased its position in Crown Castle International Corp. by 8.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,521 shares of the real estate investment trust’s stock valued at $651,000 after buying an additional 615 shares during the period. First Republic Investment Management Inc. increased its position in Crown Castle International Corp. by 15.6% in the first quarter. First Republic Investment Management Inc. now owns 25,113 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 3,391 shares during the period. Boothbay Fund Management LLC increased its position in Crown Castle International Corp. by 49.6% in the first quarter. Boothbay Fund Management LLC now owns 6,036 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 2,000 shares during the period. Fulton Bank N.A. acquired a new position in Crown Castle International Corp. during the second quarter valued at approximately $1,119,000. Finally, Curbstone Financial Management Corp acquired a new position in Crown Castle International Corp. during the second quarter valued at approximately $480,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

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

Crown Castle International Corp. (NYSE:CCI) opened at 84.35 on Tuesday. The company has a 50-day moving average of $88.45 and a 200-day moving average of $93.33. Crown Castle International Corp. has a one year low of $75.71 and a one year high of $102.82. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 86.78 and a beta of 0.35.

Crown Castle International Corp. (NYSE:CCI) last announced its quarterly earnings data on Thursday, October 20th. The real estate investment trust reported $1.09 earnings per share (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 the consensus estimate of $968.15 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Crown Castle International Corp. will post $4.74 EPS for the current fiscal year.

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

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Several research firms recently commented on CCI. SunTrust Banks Inc. began coverage on shares of Crown Castle International Corp. in a research note on Monday, September 12th. They issued a “buy” rating and a $107.00 price target on the stock. Citigroup Inc. decreased their price target on shares of 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. Jefferies Group restated a “buy” rating on shares of Crown Castle International Corp. in a research note on Monday, August 22nd. Zacks Investment Research downgraded shares of Crown Castle International Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Finally, Oppenheimer Holdings Inc. upgraded shares of Crown Castle International Corp. from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, September 6th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $103.21.

In other Crown Castle International Corp. news, Director Robert F. Mckenzie sold 1,000 shares of Crown Castle International Corp. stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $93.07, for a total transaction of $93,070.00. Following the completion of the transaction, the director now owns 28,741 shares of the company’s stock, valued at approximately $2,674,924.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel K. Schlanger bought 3,140 shares of Crown Castle International Corp. stock in a transaction on Monday, November 14th. The shares were bought at an average cost of $79.74 per share, with a total value of $250,383.60. Following the acquisition, the chief financial officer now directly owns 3,140 shares in the company, valued at $250,383.60. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate 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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