1,241 Shares in Crown Castle International Corporation (CCI) Acquired by Spectrum Management Group Inc.

Spectrum Management Group Inc. acquired a new position in Crown Castle International Corporation (NYSE:CCI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,241 shares of the real estate investment trust’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCI. Dimensional Fund Advisors LP increased its holdings in Crown Castle International Corporation by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 149,445 shares of the real estate investment trust’s stock worth $14,115,000 after buying an additional 3,003 shares in the last quarter. Highland Capital Management LLC purchased a new position in Crown Castle International Corporation in the second quarter worth about $326,000. Ranger Global Real Estate Advisors LLC purchased a new position in Crown Castle International Corporation in the second quarter worth about $4,846,000. Real Estate Management Services LLC boosted its position in Crown Castle International Corporation by 319.6% in the second quarter. Real Estate Management Services LLC now owns 152,300 shares of the real estate investment trust’s stock worth $15,257,000 after purchasing an additional 116,000 shares during the last quarter. Finally, BB&T Corp boosted its position in Crown Castle International Corporation by 42.6% in the second quarter. BB&T Corp now owns 127,764 shares of the real estate investment trust’s stock worth $12,800,000 after purchasing an additional 38,185 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International Corporation stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the sale, the vice president now owns 91,808 shares of the company’s stock, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Several research analysts have issued reports on CCI shares. Macquarie reissued a “buy” rating and issued a $119.00 target price on shares of Crown Castle International Corporation in a research report on Sunday, October 22nd. Bank of America Corporation raised their target price on Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Zacks Investment Research cut Crown Castle International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Citigroup Inc. lifted their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Crown Castle International Corporation presently has an average rating of “Buy” and an average price target of $110.29.

Crown Castle International Corporation (NYSE:CCI) traded down $1.10 during midday trading on Friday, reaching $110.02. The company had a trading volume of 2,639,248 shares, compared to its average volume of 2,394,570. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.19. Crown Castle International Corporation has a one year low of $80.82 and a one year high of $114.97. The stock has a market cap of $45,730.00, a PE ratio of 23.87, a PEG ratio of 1.65 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts predict that Crown Castle International Corporation will post 4.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $1.05 dividend. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, December 14th. This represents a $4.20 dividend on an annualized basis and a yield of 3.82%. Crown Castle International Corporation’s payout ratio is presently 316.67%.

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

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