Redwood Investments LLC Has $2.18 Million Stock Position in Crown Castle International Corp. (NYSE:CCI)

Redwood Investments LLC lowered its stake in Crown Castle International Corp. (NYSE:CCIGet Rating) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,814 shares of the real estate investment trust’s stock after selling 126 shares during the quarter. Redwood Investments LLC’s holdings in Crown Castle International were worth $2,181,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CCI. Rational Advisors LLC lifted its stake in shares of Crown Castle International by 139.6% in the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Missouri Trust & Investment Co acquired a new position in shares of Crown Castle International in the 4th quarter valued at $28,000. IAG Wealth Partners LLC lifted its stake in shares of 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 valued at $28,000 after purchasing an additional 100 shares during the period. Cullen Frost Bankers Inc. lifted its stake 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 valued at $32,000 after purchasing an additional 125 shares during the period. Finally, Stuart Chaussee & Associates Inc. lifted its stake 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 valued at $34,000 after purchasing an additional 88 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Crown Castle International stock opened at $168.38 on Friday. The firm has a 50-day moving average of $178.22 and a 200-day moving average of $182.00. Crown Castle International Corp. has a one year low of $153.70 and a one year high of $209.87. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $72.91 billion, a price-to-earnings ratio of 50.11 and a beta of 0.53.

Crown Castle International (NYSE:CCIGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $1.71 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts expect 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, June 30th. Investors of record on Wednesday, June 15th were paid a $1.47 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $5.88 annualized dividend and a yield of 3.49%. Crown Castle International’s dividend payout ratio (DPR) is currently 175.00%.

A number of analysts recently commented on CCI shares. Morgan Stanley lowered their price objective on shares of Crown Castle International from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, June 7th. Barclays lowered their price objective on shares of Crown Castle International from €222.00 ($236.17) to €214.00 ($227.66) in a research report on Friday, March 18th. KeyCorp lowered their price objective on shares of Crown Castle International from $219.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com upgraded shares of Crown Castle International from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Raymond James upped their price objective on shares of Crown Castle International from $184.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Crown Castle International has a consensus rating of “Hold” and an average price target of $200.00.

In related news, COO Christopher Levendos sold 11,000 shares of the firm’s 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 completion of the sale, the chief operating officer now directly owns 11,717 shares in the company, valued at approximately $2,258,920.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Joseph Kavanagh sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $191.02, for a total transaction of $955,100.00. Following the completion of the sale, the executive vice president now owns 73,670 shares of the company’s stock, valued at $14,072,443.40. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock valued at $3,261,230 over the last quarter. 0.47% of the stock is currently owned by company insiders.

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

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