Gilbert & Cook Inc. Takes Position in Crown Castle International Corporation (NYSE:CCI)

Gilbert & Cook Inc. purchased a new stake in Crown Castle International Corporation (NYSE:CCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,571 shares of the real estate investment trust’s stock, valued at approximately $358,000.

Several other large investors have also recently made changes to their positions in the company. Dynamic Advisors Solutions LLC bought a new stake in Crown Castle International Corporation during the first quarter worth about $4,097,000. Creative Planning raised its stake in Crown Castle International Corporation by 54.4% in the first quarter. Creative Planning now owns 8,791 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 3,098 shares during the last quarter. Raymond James Trust N.A. raised its stake in Crown Castle International Corporation by 0.5% in the first quarter. Raymond James Trust N.A. now owns 16,650 shares of the real estate investment trust’s stock worth $1,573,000 after buying an additional 88 shares during the last quarter. Trust Co raised its stake in Crown Castle International Corporation by 40.7% in the fourth quarter. Trust Co now owns 4,522 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 1,309 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Crown Castle International Corporation by 7.0% in the first quarter. Fulton Bank N.A. now owns 22,527 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 1,476 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 100.85 on Friday. The stock’s 50 day moving average price is $99.86 and its 200-day moving average price is $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 capitalization of $40.97 billion, a P/E 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The company 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%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 EPS for the current year.

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

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A number of equities research analysts recently issued reports on CCI shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $106.00) on shares of Crown Castle International Corporation in a research note on Saturday, April 22nd. Barclays PLC reduced their target price on Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, May 22nd. BidaskClub lowered Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Citigroup Inc. downgraded Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus target price of $104.95.

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

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).

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

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