Strs Ohio Purchases 20,612 Shares of Crown Castle International Corporation (NYSE:CCI)

Strs Ohio raised its position in Crown Castle International Corporation (NYSE:CCI) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,372 shares of the real estate investment trust’s stock after acquiring an additional 20,612 shares during the quarter. Strs Ohio owned approximately 0.06% of Crown Castle International Corporation worth $22,732,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Winslow Evans & Crocker Inc. lifted its position in shares of Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 278 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares during the period. Crow Point Partners LLC acquired a new position in shares of Crown Castle International Corporation in the 3rd quarter valued at $151,000. Parallel Advisors LLC increased its holdings in shares of Crown Castle International Corporation by 35.3% in the 2nd quarter. Parallel Advisors LLC now owns 1,727 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 451 shares during the period. Finally, Solaris Asset Management LLC increased its holdings in shares of Crown Castle International Corporation by 5.1% in 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 acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 82.88% of the company’s stock.

A number of brokerages have recently commented on CCI. KeyCorp reaffirmed a “hold” rating on shares of Crown Castle International Corporation in a report on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Bank of America Corporation lifted their target price on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, September 8th. Citigroup Inc. boosted their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Finally, BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Nine 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 Corporation has an average rating of “Buy” and an average target price of $110.04.

Crown Castle International Corporation (NYSE:CCI) traded down $0.22 during trading hours on Friday, reaching $113.28. 1,285,900 shares of the company’s stock were exchanged, compared to its average volume of 2,400,377. The stock has a market cap of $46,112.23, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 7.13. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $114.97.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. Crown Castle International Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. equities analysts predict that Crown Castle International Corporation will post 4.43 earnings per share for the current year.

The business 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 represents a $4.20 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio is currently 316.67%.

In other news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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Crown Castle International Corporation 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).

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

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