NTV Asset Management LLC Trims Holdings in Crown Castle International Corp. (REIT) (NYSE:CCI)

NTV Asset Management LLC trimmed its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,230 shares of the real estate investment trust’s stock after selling 1,067 shares during the quarter. NTV Asset Management LLC’s holdings in Crown Castle International were worth $1,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC lifted its stake in Crown Castle International by 2.2% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,652 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 57 shares during the period. Brighton Jones LLC grew its holdings in Crown Castle International by 1.9% during the 2nd quarter. Brighton Jones LLC now owns 3,085 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 58 shares in the last quarter. Access Financial Services Inc. grew its holdings in Crown Castle International by 0.7% during the 3rd quarter. Access Financial Services Inc. now owns 8,464 shares of the real estate investment trust’s stock valued at $1,467,000 after buying an additional 58 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Crown Castle International by 0.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,298 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 65 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Crown Castle International by 1.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,902 shares of the real estate investment trust’s stock valued at $676,000 after buying an additional 67 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

NYSE CCI traded down $0.14 on Thursday, hitting $189.28. 6,746 shares of the stock traded hands, compared to its average volume of 1,598,550. The stock has a 50-day moving average of $191.07 and a 200 day moving average of $189.61. Crown Castle International Corp. has a twelve month low of $146.15 and a twelve month high of $209.87. The company has a market capitalization of $81.81 billion, a P/E ratio of 62.52, a price-to-earnings-growth ratio of 2.66 and a beta of 0.46. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.38.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The business had revenue of $1.45 billion during 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%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS. As a group, equities research analysts expect that Crown Castle International Corp. will post 6.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, December 14th. This is an increase from Crown Castle International’s previous quarterly dividend of $1.33. Crown Castle International’s dividend payout ratio is 194.06%.

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Crown Castle International from $213.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, December 1st. Jefferies Financial Group downgraded Crown Castle International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $226.00 to $203.00 in a report on Monday. Barclays lifted their target price on Crown Castle International from $215.00 to $221.00 and gave the company an “overweight” rating in a research note on Friday, October 22nd. Royal Bank of Canada dropped their price target on Crown Castle International from $210.00 to $202.00 and set an “outperform” rating on the stock in a research note on Monday, October 25th. Finally, KeyCorp dropped their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $197.69.

In other Crown Castle International news, Director Kevin A. Stephens bought 1,110 shares of Crown Castle International stock in a transaction dated Wednesday, October 27th. The stock was bought at an average price of $178.66 per share, for a total transaction of $198,312.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

About Crown Castle International

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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