Paradigm Financial Partners LLC Sells 960 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

Paradigm Financial Partners LLC cut its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,365 shares of the real estate investment trust’s stock after selling 960 shares during the period. Paradigm Financial Partners LLC’s holdings in Crown Castle International were worth $2,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Clearview Wealth Advisors LLC lifted its position in shares of Crown Castle International by 50.0% in the second quarter. Clearview Wealth Advisors LLC now owns 168 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 56 shares in the last quarter. Pointe Capital Management LLC lifted its position in shares of Crown Castle International by 1.5% in the first quarter. Pointe Capital Management LLC now owns 3,825 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 57 shares in the last quarter. Minot Wealth Management LLC lifted its position in shares of Crown Castle International by 1.8% in the second quarter. Minot Wealth Management LLC now owns 3,285 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 58 shares in the last quarter. Founders Financial Alliance LLC lifted its position in shares of Crown Castle International by 3.2% in the second quarter. Founders Financial Alliance LLC now owns 1,898 shares of the real estate investment trust’s stock worth $371,000 after buying an additional 58 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in shares of Crown Castle International by 1.9% in the second quarter. Brighton Jones LLC now owns 3,085 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 58 shares in the last quarter. Institutional investors own 90.06% of the company’s stock.

Shares of CCI traded down $2.29 during midday trading on Friday, hitting $182.07. 1,622,209 shares of the company’s stock traded hands, compared to its average volume of 1,796,433. Crown Castle International Corp. has a 1 year low of $146.15 and a 1 year high of $204.62. The firm’s fifty day moving average is $193.27 and its 200-day moving average is $187.69. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $78.69 billion, a price-to-earnings ratio of 70.03, a price-to-earnings-growth ratio of 1.37 and a beta of 0.37.

Crown Castle International (NYSE:CCI) last issued its quarterly earnings data on Tuesday, July 20th. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.69 by $0.08. Crown Castle International had a return on equity of 12.30% and a net margin of 18.62%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Crown Castle International Corp. will post 6.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $1.33 per share. This represents a $5.32 annualized dividend and a yield of 2.92%. The ex-dividend date is Tuesday, September 14th. Crown Castle International’s dividend payout ratio is currently 78.47%.

In other Crown Castle International news, Director J Landis Martin bought 4,200 shares of the company’s stock in a transaction dated Monday, July 26th. The shares were purchased at an average cost of $191.52 per share, for a total transaction of $804,384.00. Following the transaction, the director now directly owns 141,755 shares of the company’s stock, valued at $27,148,917.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Christopher Levendos sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $191.52, for a total transaction of $766,080.00. Following the completion of the transaction, the chief operating officer now directly owns 8,246 shares in the company, valued at $1,579,273.92. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on CCI shares. KeyCorp boosted their price objective on Crown Castle International from $207.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday, July 19th. They noted that the move was a valuation call. Citigroup cut Crown Castle International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 13th. Morgan Stanley boosted their price objective on Crown Castle International from $204.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, September 10th. They noted that the move was a valuation call. Credit Suisse Group cut their target price on Crown Castle International from $193.00 to $192.00 and set a “neutral” rating on the stock in a research note on Friday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Crown Castle International from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, June 11th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle International presently has a consensus rating of “Buy” and an average target price of $196.55.

Crown Castle International Profile

Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

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Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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