Crown Castle International Corporation (CCI) Shares Bought by Real Estate Management Services LLC

Real Estate Management Services LLC lifted its holdings in Crown Castle International Corporation (NYSE:CCI) by 50.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,800 shares of the real estate investment trust’s stock after acquiring an additional 76,500 shares during the period. Crown Castle International Corporation makes up approximately 4.7% of Real Estate Management Services LLC’s portfolio, making the stock its 8th biggest position. Real Estate Management Services LLC owned approximately 0.06% of Crown Castle International Corporation worth $22,875,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Winslow Evans & Crocker Inc. boosted its stake 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 valued at $104,000 after purchasing an additional 278 shares during the last quarter. Capital Analysts LLC boosted its stake in Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares during the last quarter. Crow Point Partners LLC purchased a new position in shares of Crown Castle International Corporation in the 3rd quarter worth approximately $151,000. Parallel Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 35.3% in 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 last quarter. Finally, Solaris Asset Management LLC boosted its stake in shares of Crown Castle International Corporation by 5.1% in 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 last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on CCI. KeyCorp restated a “hold” rating on shares of Crown Castle International Corporation in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Crown Castle International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Wells Fargo & Company boosted their target price on shares of Crown Castle International Corporation from $112.50 to $116.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Macquarie reissued a “buy” rating and set a $119.00 target price on shares of Crown Castle International Corporation in a report on Sunday, October 22nd. Finally, Barclays PLC boosted their price target on shares of Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.04.

Crown Castle International Corporation (NYSE CCI) opened at $113.16 on Wednesday. Crown Castle International Corporation has a one year low of $80.82 and a one year high of $114.97. The company has a market cap of $46,022.84, a PE ratio of 23.90, a PEG ratio of 1.65 and a beta of 0.20. 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 (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Crown Castle International Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. sell-side analysts predict that Crown Castle International Corporation will post 4.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $1.05 dividend. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s dividend payout ratio is presently 316.67%.

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In related news, VP Philip M. Kelley sold 10,551 shares of the stock in a transaction dated Monday, November 6th. The shares were 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 directly owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

About Crown Castle International Corporation

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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