Arden Trust Co raised its stake in shares of Crown Castle International Corp. (NYSE: CCI – Get Rating) by 86.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,870 shares of the real estate investment trust’s stock after buying an additional 1,327 shares during the period. Arden Trust Co’s holdings in Crown Castle International were worth $ 530,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CCI. Rational Advisors LLC raised its stake in Crown Castle International by 139.6% during the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $ 27,000 after buying an additional 74 shares during the last quarter. Missouri Trust & Investment Co purchased a new stake in Crown Castle International during the 4th quarter valued at $ 28,000. IAG Wealth Partners LLC raised its stake in Crown Castle International by 277.8% during the 4th quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock valued at $ 28,000 after buying an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Crown Castle International by 416.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 155 shares of the real estate investment trust’s stock valued at $ 32,000 after buying an additional 125 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its stake in Crown Castle International by 117.3% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 163 shares of the real estate investment trust’s stock valued at $ 34,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company stock.
Shares of Crown Castle International stock opened at $ 156.15 on Tuesday. The company has a fifty day moving average of $ 182.17 and a 200 day moving average of $ 183.14. Crown Castle International Corp. has a fifty-two week low of $ 153.70 and a fifty-two week high of $ 209.87. The company has a market capitalization of $ 67.62 billion, a P / E ratio of 46.47 and a beta of 0.53. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.71.
Crown Castle International (NYSE: CCI – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $ 0.97 EPS for the quarter, beating the consensus estimate of $ 0.94 by $ 0.03. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The business had revenue of $ 1.74 billion during the quarter, compared to the consensus estimate of $ 1.70 billion. During the same quarter in the prior year, the firm earned $ 1.71 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Analysts forecast that Crown Castle International Corp. will post 7.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $ 1.47 per share. This represents a $ 5.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, June 14th. Crown Castle International’s dividend payout ratio (DPR) is currently 175.00%.
In related news, COO Christopher Levendos sold 11,000 shares of the stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $ 192.79, for a total value of $ 2,120,690.00. Following the completion of the transaction, the chief operating officer now owns 11,717 shares of the company stock, valued at approximately $ 2,258,920.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Sean Collins sold 1,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $ 185.44, for a total transaction of $ 185,440.00. Following the completion of the transaction, the vice president now directly owns 10,082 shares of the company stock, valued at approximately $ 1,869,606.08. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $ 3,261,230 in the last three months. Insiders own 0.47% of the company stock.
Several equities research analysts have recently commented on CCI shares. Morgan Stanley reduced their price objective on Crown Castle International from $ 215.00 to $ 200.00 and set an “overweight” rating for the company in a research note on Tuesday, June 7th. Wells Fargo & Company lowered Crown Castle International from an “equal weight” rating to an “underweight” rating and set a $ 180.00 price objective for the company. in a research note on Thursday, June 2nd. Raymond James upped their price objective on Crown Castle International from $ 184.00 to $ 206.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. KeyCorp upped their price target on Crown Castle International from $ 202.00 to $ 219.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Finally, Barclays reduced their price target on Crown Castle International from € 222.00 ($ 233.68) to € 214.00 ($ 225.26) in a research note on Friday, March 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $ 202.71.
About Crown Castle International: (Get Rating)
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major US market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.
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