TRUE Private Wealth Advisors Sells 516 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

TRUE Private Wealth Advisors decreased its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 23.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,667 shares of the real estate investment trust’s stock after selling 516 shares during the period. TRUE Private Wealth Advisors’ holdings in Crown Castle International were worth $325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC bought a new position in shares of Crown Castle International in the second quarter worth about $32,000. Clearview Wealth Advisors LLC boosted its stake in Crown Castle International by 50.0% during the second quarter. Clearview Wealth Advisors LLC now owns 168 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 56 shares during the last quarter. Tradition Wealth Management LLC boosted its stake in Crown Castle International by 136.6% during the first quarter. Tradition Wealth Management LLC now owns 194 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 112 shares during the last quarter. Baldwin Brothers Inc. MA boosted its stake in Crown Castle International by 51.7% during the second quarter. Baldwin Brothers Inc. MA now owns 220 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 75 shares during the last quarter. Finally, Alpha DNA Investment Management LLC boosted its stake in Crown Castle International by 31.7% during the first quarter. Alpha DNA Investment Management LLC now owns 245 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 59 shares during the last quarter. 90.06% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CCI traded up $0.20 during midday trading on Wednesday, hitting $189.45. The company’s stock had a trading volume of 980 shares, compared to its average volume of 1,808,732. 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 business’s 50 day moving average is $195.64 and its two-hundred day moving average is $186.16. Crown Castle International Corp. has a 12-month low of $146.15 and a 12-month high of $204.62. The firm has a market cap of $81.88 billion, a P/E ratio of 72.79, 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 results on Tuesday, July 20th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Crown Castle International Corp. will post 6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $5.32 annualized dividend and a dividend yield of 2.81%. Crown Castle International’s payout ratio is 78.47%.

CCI has been the subject of a number of research reports. Credit Suisse Group dropped their price target on Crown Castle International from $193.00 to $192.00 and set a “neutral” rating for the company in a research note on Friday, July 23rd. Morgan Stanley increased their price target on Crown Castle International from $204.00 to $213.00 and gave the company an “overweight” rating in a research note on Friday, September 10th. They noted that the move was a valuation call. Citigroup lowered Crown Castle International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 13th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Finally, Oppenheimer lowered Crown Castle International from an “outperform” rating to a “market perform” rating and set a $205.00 price objective for the company. in a research note on Friday, September 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $194.75.

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

Crown Castle International Company 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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