New York State Teachers Retirement System Buys 2,490 Shares of Crown Castle International Corporation (CCI)

New York State Teachers Retirement System boosted its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,689 shares of the real estate investment trust’s stock after acquiring an additional 2,490 shares during the period. New York State Teachers Retirement System owned 0.15% of Crown Castle International Corporation worth $59,457,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Highstreet Asset Management Inc. increased its stake 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 worth $946,000 after acquiring an additional 4,756 shares during the period. Spirit of America Management Corp NY increased its stake 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 worth $860,000 after acquiring an additional 4,400 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake 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 worth $563,000 after acquiring an additional 1,146 shares during the period. Motco increased its stake 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 worth $8,301,000 after acquiring an additional 46,351 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake 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 worth $4,576,000 after acquiring an additional 3,491 shares during the period. Hedge funds and other institutional investors own 82.82% of the company’s stock.

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A number of research firms have commented on CCI. KeyCorp restated a “hold” rating on shares of Crown Castle International Corporation in a research note on Tuesday. Zacks Investment Research raised Crown Castle International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Wells Fargo & Company raised their target price on Crown Castle International Corporation from $112.50 to $116.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Macquarie reaffirmed a “buy” rating and issued a $119.00 target price on shares of Crown Castle International Corporation in a report on Sunday, October 22nd. Finally, Barclays PLC raised their target price on Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $110.04.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 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 the consensus estimate of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS.

The company also recently announced 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 dividend on an annualized basis and a yield of 3.92%. 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 dividend payout ratio is currently 316.67%.

Crown Castle International Corporation 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).

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

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