Crown Castle International Corp. (REIT) (NYSE:CCI) Shares Purchased by Canton Hathaway LLC

Canton Hathaway LLC boosted its position in Crown Castle International Corp. (REIT) (NYSE:CCI) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,259 shares of the real estate investment trust’s stock after purchasing an additional 85 shares during the period. Crown Castle International makes up about 0.8% of Canton Hathaway LLC’s portfolio, making the stock its 23rd largest holding. Canton Hathaway LLC’s holdings in Crown Castle International were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Crown Castle International by 0.9% in the second quarter. Vanguard Group Inc. now owns 55,371,690 shares of the real estate investment trust’s stock worth $10,803,017,000 after purchasing an additional 475,386 shares during the period. BlackRock Inc. lifted its position in shares of Crown Castle International by 1.5% during the 2nd quarter. BlackRock Inc. now owns 31,057,089 shares of the real estate investment trust’s stock valued at $6,059,238,000 after acquiring an additional 457,321 shares during the last quarter. Capital International Investors lifted its position in shares of Crown Castle International by 3.7% during the 2nd quarter. Capital International Investors now owns 18,362,162 shares of the real estate investment trust’s stock valued at $3,583,231,000 after acquiring an additional 658,562 shares during the last quarter. State Street Corp lifted its position in shares of Crown Castle International by 2.8% during the 2nd quarter. State Street Corp now owns 17,951,994 shares of the real estate investment trust’s stock valued at $3,502,434,000 after acquiring an additional 487,139 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Crown Castle International by 9.9% in the second quarter. Morgan Stanley now owns 9,536,422 shares of the real estate investment trust’s stock valued at $1,860,558,000 after purchasing an additional 856,986 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Crown Castle International stock traded up $2.99 during mid-day trading on Thursday, hitting $186.66. 1,035,585 shares of the company’s stock were exchanged, compared to its average volume of 1,783,014. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.38. The stock has a market cap of $80.68 billion, a P/E ratio of 61.60, a P/E/G ratio of 2.79 and a beta of 0.41. Crown Castle International Corp. has a 1-year low of $146.15 and a 1-year high of $204.62. The stock has a 50 day moving average of $178.85 and a two-hundred day moving average of $188.61.

Crown Castle International (NYSE:CCI) last posted its earnings results on Tuesday, October 19th. The real estate investment trust reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.62 billion. Crown Castle International had a net margin of 21.27% and a return on equity of 14.75%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. As a group, research analysts predict that Crown Castle International Corp. will post 6.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th will be given a $1.47 dividend. This is an increase from Crown Castle International’s previous quarterly dividend of $1.33. This represents a $5.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 14th. Crown Castle International’s dividend payout ratio (DPR) is currently 175.58%.

In other Crown Castle International news, Director Kevin A. Stephens purchased 1,110 shares of the stock in a transaction dated Wednesday, October 27th. The shares were bought at an average cost of $178.66 per share, with a total value of $198,312.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Crown Castle International from $210.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, September 30th. They noted that the move was a valuation call. Credit Suisse Group upgraded Crown Castle International from a “neutral” rating to an “outperform” rating and increased their target price for the company from $192.00 to $195.00 in a report on Tuesday, October 19th. Wolfe Research started coverage on shares of Crown Castle International in a research note on Wednesday, October 13th. They issued an “underperform” rating and a $162.00 price target on the stock. KeyCorp dropped their price target on shares of Crown Castle International from $224.00 to $202.00 and set an “overweight” rating on the stock in a research note on Friday, October 22nd. Finally, Oppenheimer downgraded shares of Crown Castle International from an “outperform” rating to a “market perform” rating and set a $205.00 price target on the stock. in a research note on Friday, September 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Crown Castle International currently has a consensus rating of “Buy” and an average price target of $196.08.

Crown Castle International Profile

Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

Featured Story: What is an economic bubble?

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corp. (REIT) (NYSE:CCI).

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

Receive News & Ratings for Crown Castle International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International and related companies with MarketBeat.com's FREE daily email newsletter.