Crown Castle International Corp. (REIT) (CCI) Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 22.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,155,993 shares of the real estate investment trust’s stock after acquiring an additional 211,293 shares during the period. New York State Common Retirement Fund owned about 0.28% of Crown Castle International worth $115,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Trust Co. grew its stake in Crown Castle International by 0.7% in the 2nd quarter. Fiduciary Trust Co. now owns 3,203 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 21 shares during the period. Capital Analysts LLC grew its stake in shares of Crown Castle International by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 53 shares during the period. Trustmark National Bank Trust Department grew its stake in shares of Crown Castle International by 0.6% during the 2nd quarter. Trustmark National Bank Trust Department now owns 9,885 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 63 shares during the period. Solaris Asset Management LLC grew its stake in shares of Crown Castle International by 5.1% during the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 90 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV grew its stake in shares of Crown Castle International by 0.8% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 12,350 shares of the real estate investment trust’s stock valued at $1,237,000 after buying an additional 100 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Philip M. Kelley sold 10,551 shares of the company’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 completion of the sale, the vice president now directly owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Shares of Crown Castle International Corp. (CCI) opened at $112.55 on Friday. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. Crown Castle International Corp. has a 12-month low of $81.33 and a 12-month high of $114.97. The firm has a market cap of $45,726.25, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.64 and a beta of 0.22.

Crown Castle International (NYSE:CCI) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.07). Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts anticipate that Crown Castle International Corp. will post 4.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.73%. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, December 14th. Crown Castle International’s dividend payout ratio is 316.67%.

Several analysts have recently issued reports on CCI shares. BidaskClub raised shares of Crown Castle International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Citigroup boosted their price objective on shares of Crown Castle International from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 price objective on shares of Crown Castle International in a research note on Tuesday, August 29th. Bank of America boosted their price objective on shares of Crown Castle International from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research raised shares of Crown Castle International from a “hold” rating to a “strong-buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, September 20th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $110.58.

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About Crown Castle International

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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