Wellington Shields Capital Management LLC Has $1.15 Million Stake in Crown Castle International Corporation (CCI)

Wellington Shields Capital Management LLC decreased its stake in shares of Crown Castle International Corporation (NYSE:CCI) by 35.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,505 shares of the real estate investment trust’s stock after selling 6,350 shares during the period. Wellington Shields Capital Management LLC’s holdings in Crown Castle International Corporation were worth $1,150,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Advisors LLC acquired a new position in shares of Crown Castle International Corporation during the 3rd quarter valued at about $100,000. Winslow Evans & Crocker Inc. increased its holdings in shares of 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 acquiring an additional 278 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of 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 acquiring an additional 53 shares during the last quarter. Crow Point Partners LLC acquired a new position in shares of Crown Castle International Corporation during the 3rd quarter valued at about $151,000. Finally, Bessemer Group Inc. increased its holdings in shares of Crown Castle International Corporation by 295.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 1,151 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 91,808 shares in the company, valued at approximately $10,382,566.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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Several brokerages recently weighed in on CCI. Citigroup Inc. increased their target price on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, August 28th. Macquarie restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Barclays PLC increased their target price on Crown Castle International Corporation from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Finally, Zacks Investment Research upgraded Crown Castle International Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus price target of $110.04.

Shares of Crown Castle International Corporation (CCI) traded down $0.38 during mid-day trading on Tuesday, hitting $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 current ratio of 7.13 and a quick ratio of 7.13. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $114.97. The company has a market cap of $46,022.84, a P/E ratio of 23.90, a P/E/G ratio of 1.65 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Crown Castle International Corporation’s revenue was up 7.2% compared to the same quarter last year. equities analysts expect that Crown Castle International Corporation will post 4.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.05 dividend. 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%. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 316.67%.

Crown Castle International Corporation 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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