Crown Castle International Corp. (NYSE:CCI) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC increased its position in Crown Castle International Corp. (NYSE:CCI – Get Rating) by 29.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,138 shares of the real estate investment trust’s stock after buying an additional 720 shares during the quarter. Regal Investment Advisors LLC’s holdings in Crown Castle International were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CCI. Rational Advisors LLC increased its position in Crown Castle International by 139.6% in the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Missouri Trust & Investment Co bought a new stake in shares of Crown Castle International in the 4th quarter worth approximately $28,000. IAG Wealth Partners LLC increased its holdings in Crown Castle International by 277.8% during the 4th quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in Crown Castle International during the 1st quarter valued at $25,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Crown Castle International during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Crown Castle International Stock Performance

Shares of Crown Castle International stock opened at $178.40 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.71 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average price of $173.58 and a two-hundred day moving average price of $177.86. Crown Castle International Corp. has a 1-year low of $153.70 and a 1-year high of $209.87. The company has a market cap of $77.25 billion, a P/E ratio of 50.11 and a beta of 0.58.

Crown Castle International (NYSE:CCI – Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.74). The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.71 billion. Crown Castle International had a return on equity of 18.93% and a net margin of 22.91%. Crown Castle International’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. As a group, analysts anticipate that Crown Castle International Corp. will post 7.03 EPS for the current year.

Crown Castle International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $1.47 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $5.88 annualized dividend and a yield of 3.30%. Crown Castle International’s payout ratio is 165.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CCI shares. Raymond James reduced their price target on Crown Castle International from $206.00 to $201.00 in a research report on Friday, July 22nd. Citigroup cut their price target on Crown Castle International from $204.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, July 11th. StockNews.com downgraded Crown Castle International from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Wells Fargo & Company lowered their target price on Crown Castle International from $180.00 to $175.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 19th. Finally, Cowen lowered their target price on Crown Castle International to $195.00 in a research report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Crown Castle International has an average rating of “Hold” and a consensus target price of $196.06.

Insider Activity at Crown Castle International

In other Crown Castle International news, Director Kevin A. Stephens purchased 699 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were acquired at an average price of $173.60 per share, with a total value of $121,346.40. Following the transaction, the director now owns 10,703 shares in the company, valued at $1,858,040.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by insiders.

About Crown Castle International

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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.