Crown Castle International Corporation (CCI) Shares Sold by Private Bank & Trust Co.

Private Bank & Trust Co. decreased its position in Crown Castle International Corporation (NYSE:CCI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,359 shares of the real estate investment trust’s stock after selling 73 shares during the period. Private Bank & Trust Co.’s holdings in Crown Castle International Corporation were worth $737,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in 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 worth $104,000 after buying an additional 278 shares during the period. Parallel Advisors LLC increased its stake in 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 worth $120,000 after buying an additional 923 shares during the period. Guardian Life Insurance Co. of America increased its stake in 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 worth $131,000 after buying an additional 10 shares during the period. First Personal Financial Services increased its stake in 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 worth $158,000 after buying an additional 1,574 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Crown Castle International Corporation during the first quarter worth $165,000. 84.16% of the stock is owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (NYSE CCI) traded down 0.02% on Friday, reaching $104.12. 3,524,965 shares of the company traded hands. The firm has a 50-day moving average price of $100.29 and a 200 day moving average price of $96.45. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $105.05. The company has a market capitalization of $42.30 billion, a PE ratio of 83.10 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. Crown Castle International Corporation’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. Equities analysts forecast that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio is 304.00%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Crown Castle International Corporation in a research note on Monday, June 12th. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. lowered their target price on shares of 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. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $104.95.

In other news, Director J Landis Martin acquired 30,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of $100.64 per share, with a total value of $3,019,200.00. Following the acquisition, the director now directly owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

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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