Comerica Bank lifted its position in shares of Crown Castle International Corp. (REIT) (NYSE:CCI) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,577 shares of the real estate investment trust’s stock after buying an additional 483 shares during the quarter. Comerica Bank’s holdings in Crown Castle International were worth $18,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bainco International Investors acquired a new position in Crown Castle International in the fourth quarter valued at about $25,000. Jeppson Wealth Management LLC acquired a new position in Crown Castle International during the third quarter worth about $27,000. Vantage Consulting Group Inc bought a new stake in shares of Crown Castle International during the fourth quarter worth about $27,000. Curi Capital bought a new stake in shares of Crown Castle International during the fourth quarter worth about $27,000. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Crown Castle International during the fourth quarter worth about $29,000. 90.07% of the stock is owned by institutional investors.

CCI has been the topic of several research reports. KeyCorp boosted their price target on Crown Castle International from $193.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. Credit Suisse Group reduced their price target on Crown Castle International from $158.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, January 29th. Royal Bank of Canada upped their target price on Crown Castle International from $176.00 to $210.00 and gave the company an “outperform” rating in a report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Crown Castle International from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Thursday, January 14th. Finally, Smith Barney Citigroup upgraded Crown Castle International from a “neutral” rating to a “buy” rating in a report on Thursday, January 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Crown Castle International currently has a consensus rating of “Buy” and an average price target of $187.57.

In other Crown Castle International news, EVP Kenneth Jay Simon sold 6,000 shares of Crown Castle International stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $150.77, for a total value of $904,620.00. Following the transaction, the executive vice president now directly owns 76,407 shares of the company’s stock, valued at approximately $11,519,883.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel K. Schlanger sold 5,000 shares of Crown Castle International stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $150.73, for a total value of $753,650.00. Following the completion of the sale, the chief financial officer now owns 80,811 shares in the company, valued at $12,180,642.03. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 5,780 shares of company stock valued at $925,528 and sold 14,796 shares valued at $2,270,261. 0.47% of the stock is owned by company insiders.

CCI stock opened at $187.70 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $81.12 billion, a price-to-earnings ratio of 117.31, a PEG ratio of 1.18 and a beta of 0.30. Crown Castle International Corp. has a fifty-two week low of $146.15 and a fifty-two week high of $189.59. The stock has a fifty day moving average of $176.08 and a 200-day moving average of $163.87.

Crown Castle International (NYSE:CCI) last posted its quarterly earnings results on Tuesday, April 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Crown Castle International had a return on equity of 7.57% and a net margin of 13.09%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Equities analysts predict that Crown Castle International Corp. will post 5.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were paid a $1.33 dividend. The ex-dividend date was Friday, March 12th. This represents a $5.32 annualized dividend and a yield of 2.83%. Crown Castle International’s dividend payout ratio is currently 93.50%.

About Crown Castle International

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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