RMB Capital Management LLC lowered its stake in shares of Crown Castle International Corp. (NYSE:CCI – Get Rating) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,422 shares of the real estate investment trust’s stock after selling 75 shares during the quarter. RMB Capital Management LLC’s holdings in Crown Castle International were worth $632,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rational Advisors LLC raised its position in shares of Crown Castle International by 139.6% during the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Missouri Trust & Investment Co purchased a new stake in shares of Crown Castle International during the 4th quarter valued at $28,000. IAG Wealth Partners LLC raised its position in Crown Castle International by 277.8% in the 4th quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 100 shares during the period. North Star Investment Management Corp. purchased a new position in Crown Castle International in the 1st quarter worth $25,000. Finally, HHM Wealth Advisors LLC purchased a new position in Crown Castle International in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Insider Activity at Crown Castle International
In other Crown Castle International news, Director Kevin A. Stephens purchased 699 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was bought at an average cost of $173.60 per share, with a total value of $121,346.40. Following the transaction, the director now directly owns 10,703 shares in the company, valued at approximately $1,858,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Crown Castle International Trading Up 0.0 %
Shares of CCI opened at $178.40 on Friday. The firm’s 50-day moving average price is $173.58 and its 200-day moving average price is $177.86. The firm has a market capitalization of $77.25 billion, a price-to-earnings ratio of 50.11 and a beta of 0.58. The company has a current ratio of 0.69, a quick ratio of 0.71 and a debt-to-equity ratio of 2.70. Crown Castle International Corp. has a 1-year low of $153.70 and a 1-year high of $209.87.
Crown Castle International (NYSE:CCI – Get Rating) last announced its earnings results on Wednesday, July 20th. The real estate investment trust reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.74). The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.71 billion. Crown Castle International had a net margin of 22.91% and a return on equity of 18.93%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. Sell-side analysts anticipate that Crown Castle International Corp. will post 7.03 EPS for the current year.
Crown Castle International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $5.88 dividend on an annualized basis and a yield of 3.30%. Crown Castle International’s dividend payout ratio (DPR) is currently 165.17%.
About Crown Castle International
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.
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