SWS Partners acquired a new stake in Crown Castle International Corp. (REIT) (NYSE:CCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,775 shares of the real estate investment trust’s stock, valued at approximately $1,640,000. Crown Castle International accounts for approximately 1.2% of SWS Partners’ investment portfolio, making the stock its 29th biggest holding.
A number of other large investors also recently added to or reduced their stakes in CCI. Avestar Capital LLC purchased a new position in Crown Castle International in the fourth quarter valued at about $112,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Crown Castle International in the fourth quarter valued at about $124,000. Icon Wealth Partners LLC purchased a new position in Crown Castle International in the fourth quarter valued at about $126,000. Benjamin F. Edwards & Company Inc. raised 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 purchasing an additional 1,083 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in Crown Castle International in the third quarter valued at about $137,000. 93.56% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. Goldman Sachs lowered Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. Deutsche Bank reissued a “buy” rating and issued a $120.00 price objective on shares of Crown Castle International in a research report on Monday, January 22nd. Guggenheim reissued a “buy” rating and issued a $115.00 price objective on shares of Crown Castle International in a research report on Friday, January 26th. KeyCorp raised their target price on Crown Castle International from $106.00 to $114.00 in a research note on Monday, November 27th. Finally, Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $113.33.
In related news, SVP Kenneth Jay Simon sold 693 shares of Crown Castle International stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $108.79, for a total value of $75,391.47. Following the completion of the transaction, the senior vice president now directly owns 14,869 shares in the company, valued at $1,617,598.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay A. Brown sold 18,000 shares of Crown Castle International stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total value of $1,951,740.00. Following the completion of the transaction, the insider now owns 162,526 shares of the company’s stock, valued at $17,622,694.18. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.
Shares of Crown Castle International Corp. (CCI) traded up $0.99 during trading on Tuesday, hitting $109.18. The stock had a trading volume of 429,835 shares, compared to its average volume of 2,915,018. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $44,385.44, a P/E ratio of 22.54, a PEG ratio of 1.34 and a beta of 0.28. Crown Castle International Corp. has a 12 month low of $90.44 and a 12 month high of $114.97.
Crown Castle International (NYSE:CCI) last announced its earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.84). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. sell-side 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 is Thursday, March 15th. This represents a $4.20 dividend on an annualized basis and a yield of 3.85%. Crown Castle International’s dividend payout ratio (DPR) is 411.77%.
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About Crown Castle International
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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