Princeton Capital Management LLC raised its holdings in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 0.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,712 shares of the real estate investment trust’s stock after buying an additional 75 shares during the period. Crown Castle International comprises approximately 3.0% of Princeton Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Princeton Capital Management LLC’s holdings in Crown Castle International were worth $8,901,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Vantage Consulting Group Inc bought a new stake in Crown Castle International during the fourth quarter worth approximately $27,000. Curi Capital acquired a new position in Crown Castle International in the 4th quarter worth approximately $27,000. Alpha DNA Investment Management LLC acquired a new position in Crown Castle International in the 4th quarter worth approximately $29,000. Vectors Research Management LLC acquired a new position in Crown Castle International in the 4th quarter worth approximately $30,000. Finally, TCI Wealth Advisors Inc. boosted its stake in Crown Castle International by 55.1% in the 1st quarter. TCI Wealth Advisors Inc. now owns 183 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 90.36% of the company’s stock.
CCI traded down $6.00 during trading on Friday, hitting $194.24. The stock had a trading volume of 37,946 shares, compared to its average volume of 2,041,458. The stock has a market capitalization of $83.95 billion, a price-to-earnings ratio of 89.39, a PEG ratio of 1.45 and a beta of 0.35. Crown Castle International Corp. has a 12 month low of $146.15 and a 12 month high of $200.47. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 2.21. The company has a 50 day simple moving average of $184.78.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Monday, June 14th will be issued a $1.33 dividend. The ex-dividend date is Friday, June 11th. This represents a $5.32 annualized dividend and a yield of 2.74%. Crown Castle International’s dividend payout ratio (DPR) is presently 78.47%.
A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Crown Castle International from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Friday. Wolfe Research assumed coverage on shares of Crown Castle International in a research note on Wednesday, March 24th. They set a “peer perform” rating and a $165.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Crown Castle International from $189.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 29th. Raymond James reissued a “market perform” rating on shares of Crown Castle International in a research note on Monday, May 10th. Finally, Jefferies Financial Group started coverage on shares of Crown Castle International in a research note on Monday, April 12th. They set a “buy” rating and a $205.00 target price for the company. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Crown Castle International currently has an average rating of “Buy” and a consensus target price of $188.86.
In other Crown Castle International news, VP Robert Sean Collins sold 700 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 6,299 shares in the company, valued at approximately $1,188,432.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Landis Martin purchased 1,180 shares of the firm’s stock in a transaction on Monday, March 15th. The stock was bought at an average price of $160.99 per share, for a total transaction of $189,968.20. Following the completion of the transaction, the director now directly owns 145,620 shares in the company, valued at $23,443,363.80. The disclosure for this purchase can be found here. Company insiders own 0.45% of the company’s stock.
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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