Private Bank & Trust Co. reduced its position in shares of Crown Castle International Corporation (NYSE:CCI) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (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 Corporation were worth $737,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CCI. Winslow Evans & Crocker Inc. raised its position in Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 278 shares during the period. Parallel Advisors LLC raised its position in Crown Castle International Corporation 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 period. Guardian Life Insurance Co. of America raised its position in Crown Castle International Corporation 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 period. First Personal Financial Services raised its position in Crown Castle International Corporation 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 period. Finally, Advisory Services Network LLC purchased a new position in Crown Castle International Corporation during the first quarter worth approximately $165,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.
Shares of Crown Castle International Corporation (NYSE:CCI) traded down 0.02% during midday trading on Friday, reaching $104.12. 3,524,965 shares of the company’s stock traded hands. The stock has a market cap of $42.30 billion, a P/E ratio of 83.10 and a beta of 0.20. Crown Castle International Corporation has a 52-week low of $79.38 and a 52-week high of $105.05. The stock has a 50-day moving average price of $100.29 and a 200-day moving average price of $96.45.
Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $1.05 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Crown Castle International Corporation will post $1.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.65%. Crown Castle International Corporation’s payout ratio is 304.00%.
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A number of equities analysts have recently issued reports on the stock. Deutsche Bank AG upped their target price on shares of Crown Castle International Corporation from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Macquarie reiterated 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. Barclays PLC reduced their target price on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, May 22nd. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. reduced their target price on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Crown Castle International Corporation presently has a consensus rating of “Buy” and a consensus target price of $104.95.
In other news, Director J Landis Martin purchased 30,000 shares of the stock in a transaction on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.
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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