Dynamic Technology Lab Private Ltd Acquires Shares of 2,840 Crown Castle International Corporation (CCI)

Dynamic Technology Lab Private Ltd bought a new position in Crown Castle International Corporation (NYSE:CCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,840 shares of the real estate investment trust’s stock, valued at approximately $285,000.

A number of other hedge funds have also bought and sold shares of CCI. Winslow Evans & Crocker Inc. grew its holdings in Crown Castle International Corporation by 36.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 278 shares during the last quarter. Capital Analysts LLC raised its position in shares of Crown Castle International Corporation by 5.0% in the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 53 shares during the period. Parallel Advisors LLC raised its holdings in Crown Castle International Corporation by 35.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,727 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 451 shares during the period. Solaris Asset Management LLC raised its holdings in Crown Castle International Corporation by 5.1% during the 2nd quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 90 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in Crown Castle International Corporation during the 2nd quarter worth approximately $198,000. 83.80% of the stock is owned by institutional investors.

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In related news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the completion of the transaction, the vice president now owns 91,808 shares in the company, valued at approximately $10,382,566.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Shares of Crown Castle International Corporation (NYSE CCI) traded down $0.38 during mid-day trading on Tuesday, reaching $112.90. The company’s stock had a trading volume of 2,060,000 shares, compared to its average volume of 2,398,822. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13. Crown Castle International Corporation has a fifty-two week low of $79.38 and a fifty-two week high of $114.97. The stock has a market capitalization of $46,022.84, a P/E ratio of 23.90, a PEG ratio of 1.65 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.07). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. equities research analysts expect that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $1.05 dividend. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.72%. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 316.67%.

Several equities analysts recently weighed in on the stock. Macquarie reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. reduced their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Zacks Investment Research downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Crown Castle International Corporation presently has a consensus rating of “Buy” and an average target price of $110.04.

Crown Castle International Corporation Company Profile

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 Corporation (NYSE:CCI)

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