SC&H Financial Advisors Inc. Grows Stake in Crown Castle International Corp. (NYSE:CCI)

SC&H Financial Advisors Inc. lifted its stake in Crown Castle International Corp. (NYSE:CCIGet Rating) by 14.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,473 shares of the real estate investment trust’s stock after acquiring an additional 184 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Crown Castle International were worth $272,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Community Bank & Trust Waco Texas lifted its position in shares of Crown Castle International by 4.7% during the first quarter. Community Bank & Trust Waco Texas now owns 9,112 shares of the real estate investment trust’s stock worth $1,682,000 after purchasing an additional 412 shares in the last quarter. AGF Investments LLC lifted its holdings in Crown Castle International by 5.4% in the 1st quarter. AGF Investments LLC now owns 6,906 shares of the real estate investment trust’s stock worth $1,275,000 after buying an additional 351 shares in the last quarter. RB Capital Management LLC boosted its position in Crown Castle International by 2.4% in the 1st quarter. RB Capital Management LLC now owns 13,420 shares of the real estate investment trust’s stock valued at $2,477,000 after buying an additional 313 shares during the last quarter. Childress Capital Advisors LLC grew its stake in shares of Crown Castle International by 23.5% during the first quarter. Childress Capital Advisors LLC now owns 2,432 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 463 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its position in shares of Crown Castle International by 0.9% during the first quarter. Texas Yale Capital Corp. now owns 13,868 shares of the real estate investment trust’s stock worth $2,560,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling at Crown Castle International

In other news, Director Kevin A. Stephens purchased 699 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was purchased at an average cost of $173.60 per share, with a total value of $121,346.40. Following the purchase, the director now owns 10,703 shares in the company, valued at approximately $1,858,040.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CCI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Crown Castle International from $183.00 to $185.00 in a research note on Friday, July 22nd. Credit Suisse Group cut their price target on shares of Crown Castle International to $213.00 in a report on Friday, July 22nd. KeyCorp decreased their price objective on shares of Crown Castle International from $219.00 to $205.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Citigroup cut their target price on shares of Crown Castle International from $204.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Finally, Jefferies Financial Group upgraded Crown Castle International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $191.00 to $200.00 in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.06.

Crown Castle International Stock Performance

Shares of CCI stock traded down $0.01 during trading hours on Wednesday, reaching $182.30. The stock had a trading volume of 24,921 shares, compared to its average volume of 1,254,910. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a 50-day simple moving average of $172.69 and a 200-day simple moving average of $177.88. The firm has a market capitalization of $78.94 billion, a PE ratio of 51.13 and a beta of 0.58. Crown Castle International Corp. has a twelve month low of $153.70 and a twelve month high of $209.87.

Crown Castle International (NYSE:CCIGet Rating) last issued its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.74). The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. Crown Castle International had a return on equity of 18.93% and a net margin of 22.91%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. As a group, equities analysts forecast that Crown Castle International Corp. will post 7.03 earnings per share for the current year.

Crown Castle International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $1.47 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $5.88 dividend on an annualized basis and a yield of 3.23%. Crown Castle International’s dividend payout ratio is presently 165.17%.

Crown Castle International Company Profile

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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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