Private Bank & Trust Co. reduced its stake in Crown Castle International Corp. (REIT) (NYSE:CCI) by 1.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,359 shares of the real estate investment trust’s stock after selling 73 shares during the period. Private Bank & Trust Co.’s holdings in Crown Castle International Corp. (REIT) were worth $737,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. increased its stake in Crown Castle International Corp. (REIT) by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Crown Castle International Corp. (REIT) by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Crown Castle International Corp. (REIT) by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 10 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Crown Castle International Corp. (REIT) by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 1,574 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Crown Castle International Corp. (REIT) during the first quarter worth about $165,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.
Crown Castle International Corp. (NYSE:CCI) traded down 0.08% during midday trading on Monday, hitting $99.09. The company’s stock had a trading volume of 2,272,933 shares. The company has a market cap of $36.28 billion, a PE ratio of 79.08 and a beta of 0.20. The stock has a 50 day moving average of $100.52 and a 200 day moving average of $94.36. Crown Castle International Corp. has a 52-week low of $79.38 and a 52-week high of $104.68.
Crown Castle International Corp. (REIT) (NYSE:CCI) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corp. (REIT) had a return on equity of 6.21% and a net margin of 11.14%. Crown Castle International Corp. (REIT)’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. On average, equities analysts expect that Crown Castle International Corp. will post $1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a $0.95 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.83%. Crown Castle International Corp. (REIT)’s dividend payout ratio is currently 304.00%.
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CCI has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $108.00 price target (up from $106.00) on shares of Crown Castle International Corp. (REIT) in a report on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corp. (REIT) in a report on Tuesday, April 18th. BidaskClub lowered Crown Castle International Corp. (REIT) from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded Crown Castle International Corp. (REIT) from a “hold” rating to a “strong-buy” rating and set a $114.00 price target for the company in a report on Tuesday, July 11th. Finally, Citigroup Inc. cut their price target on Crown Castle International Corp. (REIT) from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Friday. Five investment 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $104.95.
In other news, Director Robert F. Mckenzie sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the sale, the director now directly owns 28,953 shares in the company, valued at approximately $2,793,385.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James D. Young sold 24,646 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the sale, the chief operating officer now owns 140,006 shares of the company’s stock, valued at $13,650,585. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.
Crown Castle International Corp. (REIT) Company 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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