Epstein & White Financial LLC Purchases New Holdings in Crown Castle International Corp. (REIT) (NYSE:CCI)

Epstein & White Financial LLC bought a new stake in Crown Castle International Corp. (REIT) (NYSE:CCI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,985 shares of the real estate investment trust’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCI. Xact Kapitalforvaltning AB increased its stake in shares of Crown Castle International by 17.1% in the third quarter. Xact Kapitalforvaltning AB now owns 38,850 shares of the real estate investment trust’s stock worth $3,884,000 after acquiring an additional 5,668 shares during the last quarter. Highstreet Asset Management Inc. increased its stake in shares of Crown Castle International by 101.0% in the third 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 last quarter. Spirit of America Management Corp NY increased its stake in shares of Crown Castle International by 104.8% in the third 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 last quarter. Piedmont Investment Advisors LLC increased its position in Crown Castle International by 11.0% during the third quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock worth $8,670,000 after buying an additional 8,597 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Crown Castle International by 3.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 785,000 shares of the real estate investment trust’s stock worth $78,485,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 93.47% of the company’s stock.

Several research firms have commented on CCI. Zacks Investment Research raised shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Guggenheim reissued a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a research report on Friday, January 26th. Oppenheimer reissued a “market perform” rating on shares of Crown Castle International in a research report on Monday, October 16th. UBS Group downgraded shares of Crown Castle International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $120.00 price target on shares of Crown Castle International in a research report on Monday, January 22nd. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $113.33.

Shares of Crown Castle International Corp. (NYSE CCI) opened at $105.11 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 7.13. Crown Castle International Corp. has a one year low of $87.92 and a one year high of $114.97. The firm has a market cap of $42,196.31, a PE ratio of 103.30, a P/E/G ratio of 1.28 and a beta of 0.26.

Crown Castle International (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. research analysts forecast that Crown Castle International Corp. will post 5.25 EPS for the current year.

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About Crown Castle International

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).

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

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