California Public Employees Retirement System raised its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 848,367 shares of the real estate investment trust’s stock after acquiring an additional 26,749 shares during the period. California Public Employees Retirement System’s holdings in Crown Castle International were worth $94,177,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Xact Kapitalforvaltning AB lifted its stake in Crown Castle International by 17.1% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 38,850 shares of the real estate investment trust’s stock valued at $3,884,000 after acquiring an additional 5,668 shares in the last quarter. Highstreet Asset Management Inc. lifted its stake in Crown Castle International 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 acquiring an additional 4,756 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in Crown Castle International 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 acquiring an additional 4,400 shares in the last quarter. Piedmont Investment Advisors LLC lifted its stake in Crown Castle International by 11.0% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock valued at $8,670,000 after acquiring an additional 8,597 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Crown Castle International by 3.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 785,000 shares of the real estate investment trust’s stock valued at $78,485,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Several equities analysts have weighed in on CCI shares. Macquarie restated a “buy” rating and set a $119.00 price objective on shares of Crown Castle International in a research note on Sunday, October 22nd. KeyCorp restated a “hold” rating on shares of Crown Castle International in a research note on Tuesday, October 31st. Barclays raised their target price on Crown Castle International from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a research report on Friday, January 26th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Crown Castle International currently has an average rating of “Buy” and an average price target of $113.33.

Shares of Crown Castle International Corp. (CCI) opened at $103.86 on Friday. Crown Castle International Corp. has a 12-month low of $86.93 and a 12-month high of $114.97. The stock has a market capitalization of $42,180.00, a price-to-earnings ratio of 102.83, a PEG ratio of 1.28 and a beta of 0.26. The company has a debt-to-equity ratio of 1.30, a quick ratio of 7.13 and a current ratio of 0.88.

Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.84). Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. sell-side analysts predict that Crown Castle International Corp. will post 5.25 earnings per share for the current year.

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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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