Crown Castle International Corporation (CCI) Position Increased by Buffington Mohr McNeal

Buffington Mohr McNeal increased its holdings in Crown Castle International Corporation (NYSE:CCI) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,875 shares of the real estate investment trust’s stock after purchasing an additional 575 shares during the quarter. Crown Castle International Corporation makes up approximately 1.8% of Buffington Mohr McNeal’s holdings, making the stock its 18th largest holding. Buffington Mohr McNeal’s holdings in Crown Castle International Corporation were worth $4,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. grew its stake in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares during the last quarter. Capital Analysts LLC grew its stake in shares of Crown Castle International Corporation by 5.0% in the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares during the last quarter. Crow Point Partners LLC bought a new stake in shares of Crown Castle International Corporation in the third quarter worth about $151,000. Parallel Advisors LLC grew its stake in shares of Crown Castle International Corporation by 35.3% in the second quarter. Parallel Advisors LLC now owns 1,727 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 451 shares during the last quarter. Finally, Cable Hill Partners LLC grew its stake in shares of Crown Castle International Corporation by 1,306.2% in the third quarter. Cable Hill Partners LLC now owns 1,814 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 1,685 shares during the last quarter. 82.82% of the stock is currently owned by institutional investors.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Crown Castle International Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, December 14th. This is an increase 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 3.92%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

CCI has been the topic of several recent analyst reports. Citigroup Inc. raised their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Zacks Investment Research raised Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, July 11th. Macquarie reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Finally, Barclays PLC lifted their price objective on 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Crown Castle International Corporation currently has an average rating of “Buy” and a consensus price target of $110.04.

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Crown Castle International Corporation 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 Corporation (NYSE:CCI)

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