Scotia Capital Inc. boosted its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,706 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Scotia Capital Inc.’s holdings in Crown Castle International were worth $633,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. raised its holdings in Crown Castle International by 4.8% during the 4th quarter. Financial Counselors Inc. now owns 80,326 shares of the real estate investment trust’s stock worth $8,917,000 after buying an additional 3,697 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in Crown Castle International by 4.4% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 28,797 shares of the real estate investment trust’s stock worth $3,197,000 after buying an additional 1,206 shares during the period. Piedmont Investment Advisors LLC raised its holdings in Crown Castle International by 11.0% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 86,718 shares of the real estate investment trust’s stock worth $8,670,000 after buying an additional 8,597 shares during the period. Private Advisor Group LLC raised its holdings in Crown Castle International by 33.3% during the 3rd quarter. Private Advisor Group LLC now owns 15,539 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 3,880 shares during the period. Finally, Highland Capital Management LLC raised its holdings in Crown Castle International by 38.4% during the 4th quarter. Highland Capital Management LLC now owns 4,566 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 1,267 shares during the period. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Several analysts have issued reports on CCI shares. Deutsche Bank boosted their price objective on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 17th. KeyCorp lifted their target price on Crown Castle International from $106.00 to $114.00 in a research note on Monday, November 27th. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a research note on Friday, January 26th. Finally, Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Crown Castle International has an average rating of “Buy” and a consensus price target of $113.33.
Shares of Crown Castle International Corp. (CCI) opened at $110.99 on Monday. The company has a market capitalization of $45,162.63, a P/E ratio of 22.93, a P/E/G ratio of 1.36 and a beta of 0.28. Crown Castle International Corp. has a 12 month low of $88.71 and a 12 month high of $114.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.30.
Crown Castle International (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.84). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. research analysts expect that Crown Castle International Corp. will post 5.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $4.20 annualized dividend and a dividend yield of 3.78%. Crown Castle International’s payout ratio is 411.77%.
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Crown Castle International 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).
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