DekaBank Deutsche Girozentrale Has $26.94 Million Stake in Crown Castle International Corporation (CCI)

DekaBank Deutsche Girozentrale grew its stake in Crown Castle International Corporation (NYSE:CCI) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,848 shares of the real estate investment trust’s stock after acquiring an additional 1,812 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Crown Castle International Corporation worth $26,942,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Legacy Advisors LLC acquired a new stake in shares of Crown Castle International Corporation in the 3rd quarter worth $100,000. Winslow Evans & Crocker Inc. boosted its position in shares of Crown Castle International Corporation by 36.0% in the 2nd 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 in the last quarter. Capital Analysts LLC boosted its position 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 worth $112,000 after purchasing an additional 53 shares in the last quarter. Crow Point Partners LLC acquired a new stake in shares of Crown Castle International Corporation in the 3rd quarter worth $151,000. Finally, Bessemer Group Inc. boosted its position in shares of Crown Castle International Corporation by 295.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

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Shares of Crown Castle International Corporation (NYSE:CCI) traded up $0.26 during mid-day trading on Wednesday, hitting $113.16. The stock had a trading volume of 1,519,000 shares, compared to its average volume of 2,394,823. The firm has a market cap of $45,868.46, a PE ratio of 23.82, a PEG ratio of 1.65 and a beta of 0.20. 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 Corporation has a fifty-two week low of $80.82 and a fifty-two week high of $114.97.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.07). The company 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. research analysts expect that Crown Castle International Corporation will post 4.43 EPS 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 issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s payout ratio is 316.67%.

In other news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $113.09, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

CCI has been the subject of a number of recent analyst reports. Macquarie reissued a “buy” rating and issued a $119.00 price objective on shares of Crown Castle International Corporation in a research report on Sunday, October 22nd. Bank of America Corporation raised their price objective on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Zacks Investment Research cut Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Citigroup Inc. lifted their price target on Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Nine equities 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’s stock. The stock has an average rating of “Buy” and an average target price 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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