Insider Selling: Crown Castle International Corp. (NYSE:CCI) COO Sells 11,000 Shares of Stock

Crown Castle International Corp. (NYSE:CCIGet Rating) COO Christopher Levendos sold 11,000 shares of the company’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the completion of the sale, the chief operating officer now owns 11,717 shares in the company, valued at approximately $2,258,920.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Crown Castle International stock opened at $188.74 on Thursday. Crown Castle International Corp. has a twelve month low of $157.16 and a twelve month high of $209.87. The firm has a 50 day moving average price of $180.96 and a 200-day moving average price of $183.34. The company has a market capitalization of $81.73 billion, a P/E ratio of 56.17, a P/E/G ratio of 2.79 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 2.62.

Crown Castle International (NYSE:CCIGet Rating) last announced its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the company posted $1.71 EPS. Crown Castle International’s revenue was up 17.3% compared to the same quarter last year. Equities analysts expect that Crown Castle International Corp. will post 7.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, March 14th. Crown Castle International’s dividend payout ratio is presently 175.00%.

A number of equities research analysts recently weighed in on CCI shares. Citigroup upped their target price on shares of Crown Castle International from $200.00 to $204.00 in a report on Thursday, January 27th. StockNews.com began coverage on shares of Crown Castle International in a research report on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. downgraded shares of Crown Castle International from an “overweight” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 5th. Bank of America upped their price objective on shares of Crown Castle International from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Monday, January 3rd. Finally, Raymond James upped their price objective on shares of Crown Castle International from $184.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $205.62.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ten Capital Wealth Advisors LLC lifted its stake in Crown Castle International by 1,007.1% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 155 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Rational Advisors LLC raised its position in shares of Crown Castle International by 139.6% during the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Missouri Trust & Investment Co purchased a new stake in shares of Crown Castle International during the 4th quarter valued at $28,000. IAG Wealth Partners LLC raised its position in shares of 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 buying an additional 100 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Crown Castle International during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

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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Insider Buying and Selling by Quarter for Crown Castle International (NYSE:CCI)

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