OLD National Bancorp IN cut its stake in Crown Castle International Corporation (NYSE:CCI) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,468 shares of the real estate investment trust’s stock after selling 6,481 shares during the period. OLD National Bancorp IN’s holdings in Crown Castle International Corporation were worth $10,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCI. Winslow Evans & Crocker Inc. grew its holdings 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 holdings 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 position in shares of Crown Castle International Corporation in the third quarter worth about $151,000. Parallel Advisors LLC grew its holdings 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, Solaris Asset Management LLC grew its holdings in shares of Crown Castle International Corporation by 5.1% in the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Bank of America Corporation upped their price target on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Citigroup Inc. upped their price target on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, August 28th. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Finally, Macquarie restated a “buy” rating and issued a $119.00 price target on shares of Crown Castle International Corporation in a report on Sunday, October 22nd. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus price target of $110.04.

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Shares of Crown Castle International Corporation (NYSE CCI) traded up 1.03% on Tuesday, reaching $107.20. 515,372 shares of the company’s stock traded hands. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $110.66. The firm has a market capitalization of $43.55 billion, a P/E ratio of 85.55 and a beta of 0.17. The firm’s 50 day moving average is $102.56 and its 200 day moving average is $100.95.

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 for the quarter, missing the consensus estimate of $1.10 by ($0.07). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share. Analysts expect that Crown Castle International Corporation will post $1.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.05 dividend. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International Corporation’s payout ratio is currently 316.67%.

About Crown Castle International Corporation

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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