Warren Averett Asset Management LLC Has $456,000 Position in Crown Castle International Corporation (CCI)

Warren Averett Asset Management LLC raised its position in shares of Crown Castle International Corporation (NYSE:CCI) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,554 shares of the real estate investment trust’s stock after buying an additional 506 shares during the period. Warren Averett Asset Management LLC’s holdings in Crown Castle International Corporation were worth $456,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its stake in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 278 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Crown Castle International Corporation by 261.5% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 923 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Crown Castle International Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,391 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Crown Castle International Corporation by 1,574.0% in the first quarter. First Personal Financial Services now owns 1,674 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,574 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Crown Castle International Corporation during the first quarter valued at approximately $165,000. Institutional investors own 82.80% of the company’s stock.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up 0.14% during midday trading on Friday, reaching $100.85. The company’s stock had a trading volume of 1,985,288 shares. The company has a 50-day moving average price of $99.86 and a 200-day moving average price of $95.87. Crown Castle International Corporation has a 12 month low of $79.38 and a 12 month high of $104.68. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 80.49 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio is currently 304.00%.

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Several brokerages recently commented on CCI. Zacks Investment Research cut Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Citigroup Inc. lowered their price target on Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $104.95.

In related news, COO James D. Young sold 24,646 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $97.50, for a total value of $2,402,985.00. Following the completion of the sale, the chief operating officer now directly owns 140,006 shares in the company, valued at approximately $13,650,585. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the sale, the director now owns 28,953 shares of the company’s stock, valued at $2,793,385.44. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Crown Castle International Corporation Company 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).

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

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