Ameritas Advisory Services LLC Invests $2.16 Million in Crown Castle International Corp. (NYSE:CCI)

Ameritas Advisory Services LLC purchased a new position in Crown Castle International Corp. (NYSE:CCIGet Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,347 shares of the real estate investment trust’s stock, valued at approximately $2,160,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Crown Castle International by 2.2% during the third 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 last quarter. United Asset Strategies Inc. raised its holdings in shares of Crown Castle International by 0.9% during the fourth quarter. United Asset Strategies Inc. now owns 6,971 shares of the real estate investment trust’s stock valued at $1,455,000 after acquiring an additional 59 shares during the last quarter. Platte River Wealth Advisors LLC raised its holdings in shares of Crown Castle International by 2.9% during the fourth quarter. Platte River Wealth Advisors LLC now owns 2,120 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 60 shares during the last quarter. Clearview Wealth Advisors LLC raised its holdings in shares of Crown Castle International by 35.5% during the fourth quarter. Clearview Wealth Advisors LLC now owns 229 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 60 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Crown Castle International by 1.7% during the third quarter. Meeder Asset Management Inc. now owns 3,902 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 67 shares during the last quarter. 91.20% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut Crown Castle International from an “overweight” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 5th. Morgan Stanley increased their price target on Crown Castle International from $207.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. StockNews.com assumed coverage on Crown Castle International in a report on Thursday, March 31st. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle International from $209.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, February 3rd. Finally, Jefferies Financial Group cut Crown Castle International from a “buy” rating to a “hold” rating and cut their price target for the company from $226.00 to $203.00 in a report on Monday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $201.08.

Shares of NYSE CCI opened at $196.40 on Friday. The stock has a market cap of $85.05 billion, a P/E ratio of 73.56, a PEG ratio of 2.74 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.49. Crown Castle International Corp. has a 12-month low of $157.16 and a 12-month high of $209.87. The business’s fifty day simple moving average is $178.90 and its 200-day simple moving average is $182.82.

Crown Castle International (NYSE:CCIGet Rating) last posted its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Crown Castle International had a return on equity of 13.46% and a net margin of 18.28%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. On average, equities analysts forecast that Crown Castle International Corp. will post 7.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Monday, March 14th. Crown Castle International’s payout ratio is currently 220.23%.

In related news, Director Kevin A. Stephens acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average price of $162.30 per share, for a total transaction of $324,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Catherine Piche sold 2,500 shares of Crown Castle International stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $176.41, for a total transaction of $441,025.00. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Crown Castle International Company Profile (Get Rating)

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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