Kayne Anderson Capital Advisors LP raised its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,800 shares of the real estate investment trust’s stock after purchasing an additional 1,900 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Crown Castle International were worth $2,195,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Sigma Planning Corp increased its stake in Crown Castle International by 10.3% in the third quarter. Sigma Planning Corp now owns 4,994 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 467 shares in the last quarter. Cibc Bank USA increased its stake in Crown Castle International by 6.2% in the fourth quarter. Cibc Bank USA now owns 8,155 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 478 shares in the last quarter. Scotia Capital Inc. increased its stake in Crown Castle International by 9.6% in 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. ETRADE Capital Management LLC increased its stake in Crown Castle International by 1.3% in the third quarter. ETRADE Capital Management LLC now owns 40,626 shares of the real estate investment trust’s stock valued at $4,062,000 after purchasing an additional 505 shares in the last quarter. Finally, Solaris Asset Management LLC increased its stake in Crown Castle International by 25.9% in the fourth quarter. Solaris Asset Management LLC now owns 2,462 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 507 shares in the last quarter. 92.63% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Kenneth Jay Simon sold 693 shares of the stock in a transaction 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 transaction, the senior vice president now owns 14,869 shares in the company, valued at $1,617,598.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay A. Brown sold 18,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the transaction, the insider now owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Crown Castle International Corp. (NYSE CCI) opened at $110.99 on Friday. The firm has a market cap of $44,860.00, a P/E ratio of 109.89, a PEG ratio of 1.35 and a beta of 0.28. Crown Castle International Corp. has a 1-year low of $88.71 and a 1-year 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 released its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.84). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. sell-side analysts expect that Crown Castle International Corp. will post 5.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, March 15th. Crown Castle International’s payout ratio is 415.84%.
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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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