CENTRAL TRUST Co reduced its holdings in Crown Castle International Corp. (NYSE:CCI – Get Rating) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,079 shares of the real estate investment trust’s stock after selling 521 shares during the quarter. CENTRAL TRUST Co’s holdings in Crown Castle International were worth $1,896,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ten Capital Wealth Advisors LLC boosted its holdings in shares of Crown Castle International by 1,007.1% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 155 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. Missouri Trust & Investment Co acquired a new position in shares of Crown Castle International in the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Crown Castle International by 416.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 155 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 125 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Crown Castle International by 117.3% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 163 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new position in shares of Crown Castle International in the 3rd quarter worth approximately $36,000. 91.20% of the stock is currently owned by institutional investors and hedge funds.
In other Crown Castle International news, COO Christopher Levendos sold 11,000 shares of the stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $192.79, for a total value of $2,120,690.00. Following the transaction, the chief operating officer now directly owns 11,717 shares of the company’s stock, valued at approximately $2,258,920.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Catherine Piche sold 2,500 shares of the stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $176.41, for a total transaction of $441,025.00. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.
NYSE:CCI traded down $6.86 during mid-day trading on Friday, hitting $185.21. The stock had a trading volume of 1,827,689 shares, compared to its average volume of 1,485,594. Crown Castle International Corp. has a twelve month low of $157.16 and a twelve month high of $209.87. The stock has a market cap of $80.20 billion, a price-to-earnings ratio of 55.12 and a beta of 0.56. The company’s 50 day simple moving average is $182.02 and its 200 day simple moving average is $183.60. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.62 and a current ratio of 0.71.
Crown Castle International (NYSE:CCI – Get Rating) last issued its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $1.71 EPS. Crown Castle International’s revenue was up 17.3% on a year-over-year basis. As a group, equities analysts forecast that Crown Castle International Corp. will post 7.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a $1.47 dividend. The ex-dividend date was Monday, March 14th. This represents a $5.88 annualized dividend and a yield of 3.17%. Crown Castle International’s dividend payout ratio (DPR) is currently 175.00%.
About Crown Castle International (Get Rating)
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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