Willingdon Wealth Management trimmed its holdings in shares of Crown Castle International Corporation (NYSE:CCI) by 56.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,727 shares of the real estate investment trust’s stock after selling 34,162 shares during the period. Willingdon Wealth Management’s holdings in Crown Castle International Corporation were worth $2,672,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Legacy Advisors LLC bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth about $100,000. Capital Analysts LLC lifted its holdings in shares of Crown Castle International Corporation by 5.0% during the 2nd quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 53 shares during the period. Spectrum Management Group Inc. bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth about $124,000. Crow Point Partners LLC bought a new position in shares of Crown Castle International Corporation during the 3rd quarter worth about $151,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Crown Castle International Corporation by 295.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,540 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 1,151 shares during the period. 87.01% of the stock is owned by institutional investors.

In other Crown Castle International Corporation news, VP Philip M. Kelley sold 10,551 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $113.09, for a total value of $1,193,212.59. Following the completion of the sale, the vice president now owns 91,808 shares in the company, valued at approximately $10,382,566.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/11/21/willingdon-wealth-management-has-2-67-million-stake-in-crown-castle-international-corporation-cci.html.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Crown Castle International Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Deutsche Bank AG raised their price objective on shares of Crown Castle International Corporation from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Crown Castle International Corporation from $112.50 to $116.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Citigroup Inc. raised their price objective on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, August 28th. Finally, Bank of America Corporation raised their price objective on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $110.29.

Shares of Crown Castle International Corporation (NYSE:CCI) traded up $0.46 during mid-day trading on Tuesday, reaching $110.48. 1,321,500 shares of the company traded hands, compared to its average volume of 2,389,780. Crown Castle International Corporation has a 12-month low of $80.82 and a 12-month high of $114.97. The company has a market cap of $44,890.00, a P/E ratio of 23.21, a P/E/G ratio of 1.60 and a beta of 0.20. The company has a quick ratio of 7.13, a current ratio of 7.13 and a debt-to-equity ratio of 1.19.

Crown Castle International Corporation (NYSE:CCI) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.07). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. equities research analysts predict that Crown Castle International Corporation will post 4.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. Crown Castle International Corporation’s dividend payout ratio (DPR) is presently 316.67%.

About Crown Castle International Corporation

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).

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 Corporation (NYSE:CCI).

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

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