Osterweis Capital Management Inc. grew its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,746 shares of the real estate investment trust’s stock after buying an additional 8,326 shares during the quarter. Crown Castle International accounts for approximately 2.6% of Osterweis Capital Management Inc.’s holdings, making the stock its 12th largest position. Osterweis Capital Management Inc. owned approximately 0.08% of Crown Castle International worth $36,605,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Chilton Capital Management LLC increased its stake in Crown Castle International by 3.5% in the 4th quarter. Chilton Capital Management LLC now owns 198,692 shares of the real estate investment trust’s stock worth $22,057,000 after buying an additional 6,710 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Crown Castle International by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 5,395,800 shares of the real estate investment trust’s stock valued at $598,988,000 after purchasing an additional 481,800 shares in the last quarter. Scotia Capital Inc. grew its position in shares of Crown Castle International by 9.6% during the fourth quarter. Scotia Capital Inc. now owns 5,706 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 500 shares in the last quarter. Pitcairn Co. purchased a new position in shares of Crown Castle International during the fourth quarter valued at about $311,000. Finally, Kings Point Capital Management grew its position in shares of Crown Castle International by 7.6% during the fourth quarter. Kings Point Capital Management now owns 39,790 shares of the real estate investment trust’s stock valued at $4,417,000 after purchasing an additional 2,801 shares in the last quarter. 93.58% of the stock is currently owned by institutional investors.
In other news, insider Jay A. Brown sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total value of $1,951,740.00. Following the completion of the sale, the insider now owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kenneth Jay Simon sold 693 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $108.79, for a total transaction of $75,391.47. Following the completion of the sale, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at approximately $1,617,598.51. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.
Crown Castle International Corp. (NYSE CCI) traded up $0.42 during midday trading on Wednesday, reaching $112.08. 2,415,478 shares of the company were exchanged, compared to its average volume of 3,070,000. The firm has a market capitalization of $45,440.00, a P/E ratio of 110.97, a PEG ratio of 1.37 and a beta of 0.28. Crown Castle International Corp. has a 52 week low of $88.71 and a 52 week high of $114.97. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.30.
Crown Castle International (NYSE:CCI) last issued its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s revenue was up 20.0% on a year-over-year basis. equities analysts predict that Crown Castle International Corp. will post 5.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $4.20 annualized dividend and a dividend yield of 3.75%. Crown Castle International’s dividend payout ratio (DPR) is presently 415.84%.
Several research firms recently commented on CCI. Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Deutsche Bank raised their price objective on shares of Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. KeyCorp raised their price objective on shares of Crown Castle International from $106.00 to $114.00 in a research note on Monday, November 27th. Guggenheim reissued a “buy” rating and issued a $115.00 price objective on shares of Crown Castle International in a research note on Friday, January 26th. Finally, Goldman Sachs Group downgraded shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Crown Castle International has an average rating of “Buy” and a consensus target price of $113.33.
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Crown Castle International 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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