Gilman Hill Asset Management LLC Decreases Stock Position in Crown Castle International Corp. (REIT) (NYSE:CCI)

Gilman Hill Asset Management LLC lessened its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,609 shares of the real estate investment trust’s stock after selling 80 shares during the period. Gilman Hill Asset Management LLC’s holdings in Crown Castle International were worth $799,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in Crown Castle International by 23.2% during the 2nd quarter. Deutsche Bank AG now owns 8,445,874 shares of the real estate investment trust’s stock valued at $1,647,791,000 after buying an additional 1,588,394 shares during the period. Comerica Bank raised its holdings in Crown Castle International by 1.5% during the 2nd quarter. Comerica Bank now owns 97,983 shares of the real estate investment trust’s stock valued at $19,392,000 after buying an additional 1,406 shares during the period. Zacks Investment Management increased its stake in Crown Castle International by 0.7% in the second quarter. Zacks Investment Management now owns 294,006 shares of the real estate investment trust’s stock worth $57,361,000 after purchasing an additional 1,977 shares during the period. Bamco Inc. NY increased its stake in Crown Castle International by 11.3% in the second quarter. Bamco Inc. NY now owns 7,165 shares of the real estate investment trust’s stock worth $1,398,000 after purchasing an additional 725 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Crown Castle International by 17.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,319 shares of the real estate investment trust’s stock worth $3,184,000 after purchasing an additional 2,448 shares during the period. Institutional investors own 90.15% of the company’s stock.

Shares of CCI stock opened at $183.67 on Wednesday. Crown Castle International Corp. has a 1-year low of $146.15 and a 1-year high of $204.62. The stock’s 50-day moving average is $178.89 and its 200 day moving average is $188.62. The company has a market cap of $79.38 billion, a P/E ratio of 60.62, a PEG ratio of 2.79 and a beta of 0.41. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.67 and a quick ratio of 0.67.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, December 14th. This represents a $5.88 dividend on an annualized basis and a yield of 3.20%. This is an increase from Crown Castle International’s previous quarterly dividend of $1.33. Crown Castle International’s dividend payout ratio (DPR) is presently 175.58%.

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on Crown Castle International from $204.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, September 10th. They noted that the move was a valuation call. Oppenheimer lowered Crown Castle International from an “outperform” rating to a “market perform” rating and set a $205.00 target price on the stock. in a research note on Friday, September 10th. JPMorgan Chase & Co. reduced their target price on Crown Castle International from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, September 30th. They noted that the move was a valuation call. Barclays increased their target price on Crown Castle International from $215.00 to $221.00 and gave the stock an “overweight” rating in a research note on Friday, October 22nd. Finally, KeyCorp cut their price target on Crown Castle International from $224.00 to $202.00 and set an “overweight” rating on the stock in a research note on Friday, October 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $196.08.

In related news, Director Kevin A. Stephens acquired 1,110 shares of the company’s stock in a transaction that occurred on Wednesday, October 27th. The shares were bought at an average price 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 is available through this link. 0.45% of the stock is owned by company insiders.

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.

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

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