Vectors Research Management LLC Invests $30,000 in Crown Castle International Corp. (REIT) (NYSE:CCI)

Vectors Research Management LLC bought a new stake in Crown Castle International Corp. (REIT) (NYSE:CCI) during the fourth quarter, HoldingsChannel reports. The fund bought 191 shares of the real estate investment trust’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of Crown Castle International during the 1st quarter valued at about $118,000. Sequoia Financial Advisors LLC bought a new position in Crown Castle International during the third quarter valued at approximately $241,000. Pinnacle Associates Ltd. purchased a new position in shares of Crown Castle International during the third quarter worth approximately $240,000. MAI Capital Management lifted its holdings in shares of Crown Castle International by 22.5% in the 3rd quarter. MAI Capital Management now owns 32,366 shares of the real estate investment trust’s stock worth $5,389,000 after acquiring an additional 5,949 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of Crown Castle International by 13.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 575 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

In related news, Director Matthew Thornton III acquired 1,500 shares of Crown Castle International stock in a transaction on Tuesday, February 9th. The shares were bought at an average cost of $163.03 per share, with a total value of $244,545.00. Following the completion of the purchase, the director now directly owns 2,048 shares of the company’s stock, valued at approximately $333,885.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin A. Stephens acquired 2,000 shares of the firm’s stock in a transaction on Monday, February 1st. The shares were bought at an average price of $164.15 per share, for a total transaction of $328,300.00. Following the completion of the transaction, the director now owns 4,086 shares of the company’s stock, valued at $670,716.90. The disclosure for this purchase can be found here. Insiders purchased 3,600 shares of company stock worth $588,547 in the last 90 days. 0.47% of the stock is currently owned by company insiders.

Several analysts have weighed in on CCI shares. Deutsche Bank Aktiengesellschaft raised shares of Crown Castle International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $177.00 to $180.00 in a research note on Friday, December 11th. Smith Barney Citigroup upgraded shares of Crown Castle International from a “neutral” rating to a “buy” rating in a report on Thursday, January 14th. Credit Suisse Group decreased their price objective on shares of Crown Castle International from $158.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, January 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Crown Castle International from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Thursday, January 14th. Finally, Raymond James reduced their price objective on Crown Castle International from $172.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, January 29th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Crown Castle International currently has an average rating of “Buy” and a consensus price target of $175.30.

Shares of CCI stock opened at $165.32 on Tuesday. The stock has a market capitalization of $71.30 billion, a P/E ratio of 103.33, a P/E/G ratio of 1.18 and a beta of 0.30. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.02. Crown Castle International Corp. has a 12-month low of $114.18 and a 12-month high of $180.00. The firm’s 50 day moving average is $159.65 and its 200 day moving average is $161.59.

Crown Castle International (NYSE:CCI) last released its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. Crown Castle International had a net margin of 13.09% and a return on equity of 7.57%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts predict that Crown Castle International Corp. will post 5.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Monday, March 15th will be issued a $1.33 dividend. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 12th. Crown Castle International’s dividend payout ratio (DPR) is presently 93.50%.

Crown Castle International Profile

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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