Crown Castle International Corp. (NYSE:CCI) Shares Purchased by Vestor Capital LLC

Vestor Capital LLC boosted its holdings in Crown Castle International Corp. (NYSE:CCIGet Rating) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,419 shares of the real estate investment trust’s stock after purchasing an additional 552 shares during the quarter. Vestor Capital LLC’s holdings in Crown Castle International were worth $7,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCI. North Star Investment Management Corp. acquired a new position in Crown Castle International in the first quarter worth $25,000. Rational Advisors LLC boosted its holdings in Crown Castle International by 139.6% in the fourth quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 74 shares during the period. Missouri Trust & Investment Co acquired a new position in Crown Castle International in the fourth quarter worth $28,000. IAG Wealth Partners LLC boosted its holdings in Crown Castle International by 277.8% in the fourth quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 100 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in Crown Castle International in the first quarter worth $28,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Crown Castle International Price Performance

Crown Castle International stock traded up $0.05 during midday trading on Friday, hitting $178.40. The company’s stock had a trading volume of 879,931 shares, compared to its average volume of 1,335,047. The company has a quick ratio of 0.71, a current ratio of 0.69 and a debt-to-equity ratio of 2.70. The stock’s 50-day moving average price is $173.58 and its 200-day moving average price is $177.86. Crown Castle International Corp. has a 12 month low of $153.70 and a 12 month high of $209.87. The company has a market capitalization of $77.25 billion, a PE ratio of 50.11 and a beta of 0.58.

Crown Castle International (NYSE:CCIGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The real estate investment trust reported $0.97 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.74). Crown Castle International had a return on equity of 18.93% and a net margin of 22.91%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $1.71 earnings per share. Crown Castle International’s revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Crown Castle International Corp. will post 7.03 earnings per share for the current fiscal year.

Crown Castle International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $1.47 per share. The ex-dividend date is Wednesday, September 14th. This represents a $5.88 annualized dividend and a yield of 3.30%. Crown Castle International’s payout ratio is presently 165.17%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCI shares. KeyCorp reduced their price target on shares of Crown Castle International from $219.00 to $205.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Jefferies Financial Group raised shares of Crown Castle International from a “hold” rating to a “buy” rating and boosted their price target for the company from $191.00 to $200.00 in a report on Thursday, June 30th. The Goldman Sachs Group reduced their price target on shares of Crown Castle International from $189.00 to $166.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Wells Fargo & Company reduced their price target on shares of Crown Castle International from $180.00 to $175.00 and set an “underweight” rating for the company in a report on Tuesday, July 19th. Finally, Cowen reduced their price target on shares of Crown Castle International to $195.00 in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $196.06.

Insiders Place Their Bets

In related news, Director Kevin A. Stephens acquired 699 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were purchased at an average price of $173.60 per share, for a total transaction of $121,346.40. Following the acquisition, the director now owns 10,703 shares in the company, valued at $1,858,040.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Crown Castle International Profile

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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 U.S. 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.

Further Reading

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

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