RMB Capital Management LLC Sells 595 Shares of Crown Castle International Corp. (REIT) (NYSE:CCI)

RMB Capital Management LLC lessened its holdings in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 14.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,478 shares of the real estate investment trust’s stock after selling 595 shares during the quarter. RMB Capital Management LLC’s holdings in Crown Castle International were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Crown Castle International by 2.5% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,212 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 77 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Crown Castle International by 61.1% during the first quarter. Jupiter Asset Management Ltd. now owns 150,330 shares of the real estate investment trust’s stock valued at $25,867,000 after acquiring an additional 57,042 shares in the last quarter. M&G Investment Management Ltd. raised its holdings in shares of Crown Castle International by 14.5% during the first quarter. M&G Investment Management Ltd. now owns 807,987 shares of the real estate investment trust’s stock valued at $138,974,000 after acquiring an additional 102,514 shares in the last quarter. Schnieders Capital Management LLC raised its holdings in shares of Crown Castle International by 3.8% during the first quarter. Schnieders Capital Management LLC now owns 5,158 shares of the real estate investment trust’s stock valued at $888,000 after acquiring an additional 189 shares in the last quarter. Finally, Maple Brown Abbott Ltd raised its holdings in shares of Crown Castle International by 7.1% during the first quarter. Maple Brown Abbott Ltd now owns 883,625 shares of the real estate investment trust’s stock valued at $152,098,000 after acquiring an additional 58,460 shares in the last quarter. Institutional investors own 90.36% of the company’s stock.

CCI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $209.00 price target (up from $195.00) on shares of Crown Castle International in a research note on Friday. Oppenheimer upped their price target on Crown Castle International from $170.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd. Wolfe Research began coverage on Crown Castle International in a research note on Wednesday, March 24th. They issued a “peer perform” rating and a $165.00 price target on the stock. KeyCorp increased their target price on Crown Castle International from $193.00 to $207.00 and gave the stock an “overweight” rating in a research note on Friday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on Crown Castle International from $189.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Crown Castle International has an average rating of “Buy” and a consensus target price of $188.86.

CCI stock opened at $200.24 on Friday. Crown Castle International Corp. has a fifty-two week low of $146.15 and a fifty-two week high of $200.47. The firm has a 50-day moving average price of $184.78. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $86.54 billion, a P/E ratio of 89.39, a price-to-earnings-growth ratio of 1.45 and a beta of 0.35.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Tuesday, April 20th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). Crown Castle International had a return on equity of 10.52% and a net margin of 16.80%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business earned $0.38 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Crown Castle International Corp. will post 6.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Monday, June 14th will be paid a $1.33 dividend. This represents a $5.32 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, June 11th. Crown Castle International’s dividend payout ratio (DPR) is currently 78.47%.

In other news, Director J Landis Martin purchased 1,180 shares of the business’s stock in a transaction on Monday, March 15th. The stock was acquired at an average price of $160.99 per share, for a total transaction of $189,968.20. Following the acquisition, the director now directly owns 145,620 shares of the company’s stock, valued at approximately $23,443,363.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Sean Collins sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 27th. The shares were sold at an average price of $188.67, for a total value of $132,069.00. Following the transaction, the vice president now owns 6,299 shares of the company’s stock, valued at approximately $1,188,432.33. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Crown Castle International Company 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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