Natixis Advisors L.P. lifted its position in shares of Crown Castle International Corp. (NYSE:CCI) by 5.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,590 shares of the real estate investment trust’s stock after buying an additional 8,031 shares during the quarter. Natixis Advisors L.P.’s holdings in Crown Castle International were worth $17,822,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. Avestar Capital LLC purchased a new position in shares of Crown Castle International during the 4th quarter valued at $112,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Crown Castle International during the 4th quarter valued at $124,000. Icon Wealth Partners LLC purchased a new position in shares of Crown Castle International during the 4th quarter valued at $126,000. Signaturefd LLC purchased a new stake in Crown Castle International in the 1st quarter worth $134,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Crown Castle International in the 4th quarter worth $146,000. Institutional investors own 94.60% of the company’s stock.
Several brokerages have commented on CCI. Cowen reiterated a “buy” rating and issued a $119.00 price target on shares of Crown Castle International in a research note on Friday, April 20th. Barclays boosted their price target on shares of Crown Castle International from $107.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 17th. ValuEngine cut shares of Crown Castle International from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Zacks Investment Research cut shares of Crown Castle International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, Goldman Sachs Group cut shares of Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, March 13th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $114.75.
Crown Castle International opened at $101.85 on Friday, MarketBeat.com reports. Crown Castle International Corp. has a twelve month low of $93.14 and a twelve month high of $114.97. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $42.38 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.29.
Crown Castle International (NYSE:CCI) last posted its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.98). Crown Castle International had a return on equity of 4.06% and a net margin of 8.87%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 27.9% on a year-over-year basis. equities analysts forecast that Crown Castle International Corp. will post 5.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $1.05 dividend. The ex-dividend date is Thursday, June 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.12%. Crown Castle International’s dividend payout ratio (DPR) is presently 86.60%.
Crown Castle International Company Profile
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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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