Regal Investment Advisors LLC Acquires 720 Shares of Crown Castle International Corp. (NYSE:CCI)

Regal Investment Advisors LLC increased its holdings in shares of Crown Castle International Corp. (NYSE:CCIGet Rating) by 29.8% during the 1st quarter, HoldingsChannel reports. The fund owned 3,138 shares of the real estate investment trust’s stock after buying an additional 720 shares during the period. Regal Investment Advisors LLC’s holdings in Crown Castle International were worth $579,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rational Advisors LLC boosted its stake in Crown Castle International by 139.6% during the fourth quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Missouri Trust & Investment Co bought a new position in shares of Crown Castle International in the fourth quarter worth approximately $28,000. IAG Wealth Partners LLC lifted its stake in shares of Crown Castle International by 277.8% in the fourth quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 100 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Crown Castle International in the first quarter worth approximately $25,000. Finally, HHM Wealth Advisors LLC bought a new position in shares of Crown Castle International in the first quarter worth approximately $28,000. Institutional investors own 91.28% of the company’s stock.

Crown Castle International Stock Performance

Shares of NYSE CCI opened at $178.40 on Friday. The firm has a fifty day moving average price of $173.58 and a 200-day moving average price of $177.86. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.69 and a quick ratio of 0.71. The stock has a market cap of $77.25 billion, a PE ratio of 50.11 and a beta of 0.58. Crown Castle International Corp. has a 1 year low of $153.70 and a 1 year high of $209.87.

Crown Castle International (NYSE:CCIGet Rating) last released its earnings results on Wednesday, July 20th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.74). The firm had revenue of $1.73 billion during 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 was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. Equities analysts anticipate that Crown Castle International Corp. will post 7.03 earnings per share for the current fiscal year.

Crown Castle International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, September 14th. Crown Castle International’s dividend payout ratio (DPR) is presently 165.17%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Crown Castle International from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Cowen lowered their price objective on shares of Crown Castle International to $195.00 in a research report on Friday, July 22nd. Wells Fargo & Company lowered their price objective on shares of 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. Citigroup lowered their price objective on shares of Crown Castle International from $204.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, July 11th. Finally, StockNews.com downgraded shares of Crown Castle International from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crown Castle International currently has a consensus rating of “Hold” and a consensus target price of $196.06.

Insider Buying and Selling at Crown Castle International

In other news, Director Kevin A. Stephens bought 699 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was purchased at an average cost of $173.60 per share, for a total transaction of $121,346.40. Following the purchase, the director now directly owns 10,703 shares in the company, valued at approximately $1,858,040.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Crown Castle International Profile

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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.

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Institutional Ownership by Quarter for Crown Castle International (NYSE:CCI)

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