Telemus Capital LLC purchased a new stake in Crown Castle International Corp. (REIT) (NYSE:CCI) during the fourth quarter, Holdings Channel reports. The firm purchased 4,862 shares of the real estate investment trust’s stock, valued at approximately $540,000.
Other large investors have also recently added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new position in Crown Castle International in the third quarter valued at about $100,000. Spectrum Management Group Inc. acquired a new position in Crown Castle International in the third quarter valued at about $124,000. Benjamin F. Edwards & Company Inc. boosted its position in Crown Castle International by 1,463.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 1,083 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Crown Castle International during the third quarter worth approximately $137,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of Crown Castle International during the third quarter worth approximately $140,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Shares of Crown Castle International Corp. (CCI) opened at $112.10 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 7.13 and a current ratio of 0.88. The firm has a market cap of $45,544.07, a P/E ratio of 23.16, a P/E/G ratio of 1.38 and a beta of 0.26. Crown Castle International Corp. has a 12 month low of $86.72 and a 12 month high of $114.97.
Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.84). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. analysts predict that Crown Castle International Corp. will post 5.25 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Crown Castle International in a research report on Friday, January 26th. Deutsche Bank reiterated a “buy” rating and set a $120.00 target price on shares of Crown Castle International in a research report on Monday, January 22nd. KeyCorp upped their target price on shares of Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Finally, Wells Fargo & Co upped their target price on shares of Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $113.33.
In related news, SVP Michael Joseph Kavanagh sold 3,500 shares of the business’s stock in a transaction that occurred on Saturday, February 24th. The shares were sold at an average price of $92.30, for a total transaction of $323,050.00. Following the completion of the sale, the senior vice president now directly owns 22,894 shares of the company’s stock, valued at $2,113,116.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.
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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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