Crown Castle International Corp. (NYSE:CCI) Stake Increased by Executive Wealth Management LLC

Executive Wealth Management LLC grew its holdings in Crown Castle International Corp. (NYSE:CCIGet Rating) by 15.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,164 shares of the real estate investment trust’s stock after purchasing an additional 6,361 shares during the period. Crown Castle International makes up 1.0% of Executive Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Executive Wealth Management LLC’s holdings in Crown Castle International were worth $8,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sarasin & Partners LLP lifted its stake in shares of Crown Castle International by 2.6% in the fourth quarter. Sarasin & Partners LLP now owns 678,702 shares of the real estate investment trust’s stock valued at $141,672,000 after buying an additional 17,148 shares during the period. 17 Capital Partners LLC acquired a new stake in Crown Castle International during the 4th quarter worth $1,699,000. Landscape Capital Management L.L.C. grew its holdings in Crown Castle International by 37.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 5,021 shares of the real estate investment trust’s stock worth $1,048,000 after acquiring an additional 1,375 shares during the period. DNB Asset Management AS boosted its position in shares of Crown Castle International by 55.0% during the fourth quarter. DNB Asset Management AS now owns 95,632 shares of the real estate investment trust’s stock worth $19,962,000 after purchasing an additional 33,933 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Crown Castle International by 2.0% during the fourth quarter. Baird Financial Group Inc. now owns 32,136 shares of the real estate investment trust’s stock worth $6,708,000 after purchasing an additional 639 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

CCI has been the topic of several recent analyst reports. Barclays lowered their price objective on shares of Crown Castle International from €222.00 ($233.68) to €214.00 ($225.26) in a research note on Friday, March 18th. Morgan Stanley cut their price target on shares of Crown Castle International from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, June 7th. StockNews.com assumed coverage on shares of Crown Castle International in a report on Thursday, March 31st. They set a “buy” rating for the company. Credit Suisse Group increased their price objective on shares of Crown Castle International from $204.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. Finally, Raymond James upped their price target 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 issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle International has a consensus rating of “Hold” and a consensus price target of $202.71.

Crown Castle International stock opened at $168.07 on Thursday. Crown Castle International Corp. has a 1-year low of $153.70 and a 1-year high of $209.87. The firm has a market capitalization of $72.78 billion, a price-to-earnings ratio of 50.02 and a beta of 0.53. The firm’s fifty day moving average price is $181.02 and its two-hundred day moving average price is $182.89. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

Crown Castle International (NYSE:CCIGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating 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 firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm earned $1.71 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts forecast that Crown Castle International Corp. will post 7.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Tuesday, June 14th. Crown Castle International’s payout ratio is currently 175.00%.

In related news, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $185.44, for a total transaction of $185,440.00. Following the completion of the sale, the vice president now owns 10,082 shares in the company, valued at $1,869,606.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher Levendos sold 11,000 shares of the firm’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the sale, the chief operating officer now owns 11,717 shares of the company’s stock, valued at approximately $2,258,920.43. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock worth $3,261,230 over the last three months. 0.47% of the stock is owned by insiders.

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

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