Kistler Tiffany Companies LLC Purchases 340 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

Kistler Tiffany Companies LLC raised its stake in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 71.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 819 shares of the real estate investment trust’s stock after buying an additional 340 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Crown Castle International were worth $142,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CCI. Evermay Wealth Management LLC purchased a new position in shares of Crown Castle International in the second quarter worth $37,000. TCI Wealth Advisors Inc. increased its position in Crown Castle International by 41.4% during the third quarter. TCI Wealth Advisors Inc. now owns 280 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 82 shares during the last quarter. City Holding Co. increased its position in Crown Castle International by 61.6% during the third quarter. City Holding Co. now owns 286 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 109 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Crown Castle International by 154.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 371 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 225 shares during the period. Finally, RE Advisers Corp grew its holdings in Crown Castle International by 54.8% during the third quarter. RE Advisers Corp now owns 469 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.

In other Crown Castle International news, Director Kevin A. Stephens bought 1,110 shares of the firm’s stock in a transaction dated Wednesday, October 27th. The stock was acquired at an average price of $178.66 per share, for a total transaction of $198,312.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

CCI traded up $2.04 during trading hours on Wednesday, reaching $189.63. The company’s stock had a trading volume of 28,714 shares, compared to its average volume of 2,336,110. Crown Castle International Corp. has a fifty-two week low of $146.15 and a fifty-two week high of $209.87. The stock has a market cap of $81.96 billion, a PE ratio of 61.91, a P/E/G ratio of 2.73 and a beta of 0.46. The business’s 50-day moving average is $190.94 and its 200-day moving average is $189.61. 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 released its quarterly earnings results on Tuesday, October 19th. The real estate investment trust reported $0.81 EPS for the quarter, topping 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 analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Crown Castle International Corp. will post 6.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th were issued a dividend of $1.47 per share. This is a positive change from Crown Castle International’s previous quarterly dividend of $1.33. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $5.88 annualized dividend and a dividend yield of 3.10%. Crown Castle International’s dividend payout ratio (DPR) is presently 194.06%.

CCI has been the subject of several recent analyst reports. Morgan Stanley dropped their price target on Crown Castle International from $213.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, December 1st. Barclays increased their target price on Crown Castle International from $215.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, October 22nd. JPMorgan Chase & Co. lowered Crown Castle International from an “overweight” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 5th. KeyCorp decreased their price target on Crown Castle International from $224.00 to $202.00 and set an “overweight” rating on the stock in a report on Friday, October 22nd. Finally, Wolfe Research initiated coverage on Crown Castle International in a research note on Wednesday, October 13th. They issued an “underperform” rating and a $162.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Crown Castle International presently has an average rating of “Buy” and a consensus target price of $197.69.

Crown Castle International 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.

Further Reading: Total Return

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.