Eidelman Virant Capital Acquires 200 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

Eidelman Virant Capital boosted its holdings in Crown Castle International Corp. (REIT) (NYSE:CCI) by 13.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,720 shares of the real estate investment trust’s stock after acquiring an additional 200 shares during the period. Eidelman Virant Capital’s holdings in Crown Castle International were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Crown Castle International by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 55,371,690 shares of the real estate investment trust’s stock valued at $10,803,017,000 after acquiring an additional 475,386 shares during the period. BlackRock Inc. raised its stake in Crown Castle International by 1.5% in the 2nd quarter. BlackRock Inc. now owns 31,057,089 shares of the real estate investment trust’s stock valued at $6,059,238,000 after acquiring an additional 457,321 shares during the period. Capital International Investors raised its stake in Crown Castle International by 3.7% in the 2nd quarter. Capital International Investors now owns 18,362,162 shares of the real estate investment trust’s stock valued at $3,583,231,000 after acquiring an additional 658,562 shares during the period. State Street Corp raised its stake in Crown Castle International by 2.8% in the 2nd quarter. State Street Corp now owns 17,951,994 shares of the real estate investment trust’s stock valued at $3,502,434,000 after acquiring an additional 487,139 shares during the period. Finally, Morgan Stanley raised its stake in Crown Castle International by 9.9% in the 2nd quarter. Morgan Stanley now owns 9,536,422 shares of the real estate investment trust’s stock valued at $1,860,558,000 after acquiring an additional 856,986 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.

Several research firms have weighed in on CCI. Royal Bank of Canada lowered their price objective on Crown Castle International from $210.00 to $202.00 and set an “outperform” rating on the stock in a research report on Monday, October 25th. JPMorgan Chase & Co. lowered their price objective on Crown Castle International from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, September 30th. They noted that the move was a valuation call. KeyCorp lowered their price objective on Crown Castle International from $224.00 to $202.00 and set an “overweight” rating on the stock in a research report on Friday, October 22nd. Credit Suisse Group upgraded Crown Castle International from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $192.00 to $195.00 in a research report on Tuesday, October 19th. Finally, Barclays increased their price objective on Crown Castle International from $215.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, October 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Crown Castle International currently has an average rating of “Buy” and a consensus price target of $196.08.

CCI opened at $184.70 on Thursday. The firm has a market cap of $79.83 billion, a P/E ratio of 60.96, a price-to-earnings-growth ratio of 2.74 and a beta of 0.41. Crown Castle International Corp. has a 52-week low of $146.15 and a 52-week high of $204.62. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.67 and a current ratio of 0.67. The business’s fifty day moving average is $179.43 and its 200-day moving average is $188.61.

Crown Castle International (NYSE:CCI) last released its earnings results on Tuesday, October 19th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.05. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.62 billion. Crown Castle International had a return on equity of 14.75% and a net margin of 21.27%. Crown Castle International’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 EPS. On average, research analysts predict that Crown Castle International Corp. will post 6.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be paid a $1.47 dividend. The ex-dividend date is Tuesday, December 14th. This is a positive change from Crown Castle International’s previous quarterly dividend of $1.33. This represents a $5.88 annualized dividend and a yield of 3.18%. Crown Castle International’s dividend payout ratio (DPR) is 175.58%.

In other Crown Castle International news, Director Kevin A. Stephens acquired 1,110 shares of Crown Castle International stock in a transaction that occurred on Wednesday, October 27th. The shares were acquired at an average cost of $178.66 per share, with a total value of $198,312.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

Crown Castle International Company Profile

Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

Recommended Story: What is a Futures Contract?

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 Corp. (REIT) (NYSE:CCI).

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

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