Bremer Trust National Association raised its position in shares of Crown Castle International Corporation (NYSE:CCI) by 24.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,496 shares of the real estate investment trust’s stock after purchasing an additional 488 shares during the quarter. Bremer Trust National Association’s holdings in Crown Castle International Corporation were worth $250,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. increased its position in Crown Castle International Corporation by 101.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 9,463 shares of the real estate investment trust’s stock valued at $946,000 after purchasing an additional 4,756 shares during the period. Spirit of America Management Corp NY increased its position in Crown Castle International Corporation by 104.8% during the 3rd quarter. Spirit of America Management Corp NY now owns 8,600 shares of the real estate investment trust’s stock valued at $860,000 after purchasing an additional 4,400 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Crown Castle International Corporation by 25.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,616 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 1,146 shares during the period. Motco increased its position in Crown Castle International Corporation by 127.0% during the 2nd quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock valued at $8,301,000 after purchasing an additional 46,351 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Crown Castle International Corporation by 8.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,674 shares of the real estate investment trust’s stock valued at $4,576,000 after purchasing an additional 3,491 shares during the period. 82.82% of the stock is owned by institutional investors and hedge funds.

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Crown Castle International Corporation (NYSE CCI) traded down 0.98% during trading on Wednesday, hitting $106.03. The company’s stock had a trading volume of 458,717 shares. The firm has a market cap of $43.08 billion, a P/E ratio of 84.62 and a beta of 0.16. The firm has a 50 day moving average of $102.56 and a 200 day moving average of $101.00. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $110.66.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ 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 return on equity of 5.93% and a net margin of 11.35%. Crown Castle International Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. Equities research analysts predict that Crown Castle International Corporation will post $1.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.92%. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is presently 316.67%.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Crown Castle International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Macquarie reissued a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Wells Fargo & Company increased their target price on shares of Crown Castle International Corporation from $112.50 to $116.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Citigroup Inc. increased their target price on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Finally, Bank of America Corporation increased 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 research report on Friday, September 8th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.04.

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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