Thomas White International Ltd. reduced its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 29.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,650 shares of the real estate investment trust’s stock after selling 2,350 shares during the quarter. Thomas White International Ltd.’s holdings in Crown Castle International were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Legacy Advisors LLC acquired a new position in shares of Crown Castle International during the 3rd quarter worth about $100,000. Spectrum Management Group Inc. acquired a new position in shares of Crown Castle International during the 3rd quarter worth about $124,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Crown Castle International by 1,463.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 1,083 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Crown Castle International during the 3rd quarter worth about $137,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of Crown Castle International during the 3rd quarter worth about $140,000. 95.04% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on CCI. Deutsche Bank restated a “buy” rating and set a $120.00 target price on shares of Crown Castle International in a research report on Monday, January 22nd. Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Wells Fargo & Co boosted their target price on Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a research report on Friday, January 26th. Finally, KeyCorp boosted their target price on Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Eight 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 an average rating of “Buy” and an average price target of $113.33.
Shares of Crown Castle International Corp. (CCI) opened at $108.67 on Tuesday. The company has a market capitalization of $44,333.35, a P/E ratio of 106.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.26. 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 12 month low of $88.71 and a 12 month high of $114.97.
Crown Castle International (NYSE:CCI) last announced its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. equities research analysts expect that Crown Castle International Corp. will post 5.25 earnings per share for the current fiscal 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).
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