Crown Castle International Corp. (REIT) (CCI) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,287 shares of the real estate investment trust’s stock after selling 3,177 shares during the quarter. Sentry Investment Management LLC’s holdings in Crown Castle International were worth $809,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its position 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 valued at $3,884,000 after buying an additional 5,668 shares in the last quarter. Highstreet Asset Management Inc. increased its position 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 valued at $946,000 after buying an additional 4,756 shares in the last quarter. Spirit of America Management Corp NY increased its position 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 valued at $860,000 after buying an additional 4,400 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in shares of Crown Castle International by 11.0% in the third quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock valued at $8,670,000 after buying an additional 8,597 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Crown Castle International by 3.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 785,000 shares of the real estate investment trust’s stock valued at $78,485,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.

Shares of Crown Castle International Corp. (NYSE:CCI) opened at $105.45 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 7.13 and a current ratio of 0.88. The company has a market capitalization of $43,210.00, a price-to-earnings ratio of 104.40, a P/E/G ratio of 1.29 and a beta of 0.26. Crown Castle International Corp. has a 52 week low of $88.54 and a 52 week high of $114.97.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data 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 company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. research analysts expect that Crown Castle International Corp. will post 5.25 EPS for the current year.

A number of brokerages have recently weighed in on CCI. Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Crown Castle International in a research report on Friday, January 26th. Deutsche Bank restated a “buy” rating and issued a $120.00 price target on shares of Crown Castle International in a research report on Monday, January 22nd. KeyCorp restated a “hold” rating on shares of Crown Castle International in a research report on Tuesday, October 31st. Finally, Macquarie restated a “buy” rating and issued a $119.00 price target on shares of Crown Castle International in a research report on Sunday, October 22nd. Eight research 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 stock. The company currently has an average rating of “Buy” and an average target price of $113.33.

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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).

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

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