Bogart Wealth LLC Has $5.69 Million Holdings in Crown Castle International Corp. (REIT) (NYSE:CCI)

Bogart Wealth LLC grew its stake in Crown Castle International Corp. (REIT) (NYSE:CCI) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,835 shares of the real estate investment trust’s stock after buying an additional 1,467 shares during the quarter. Crown Castle International accounts for about 0.6% of Bogart Wealth LLC’s investment portfolio, making the stock its 28th biggest holding. Bogart Wealth LLC’s holdings in Crown Castle International were worth $5,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Clearview Wealth Advisors LLC boosted its holdings in shares of Crown Castle International by 50.0% in the second quarter. Clearview Wealth Advisors LLC now owns 168 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 56 shares during the period. Minot Wealth Management LLC boosted its holdings in Crown Castle International by 1.8% during the second quarter. Minot Wealth Management LLC now owns 3,285 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 58 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in Crown Castle International by 3.2% during the second quarter. Founders Financial Alliance LLC now owns 1,898 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 58 shares during the last quarter. Brighton Jones LLC boosted its holdings in Crown Castle International by 1.9% during the second quarter. Brighton Jones LLC now owns 3,085 shares of the real estate investment trust’s stock worth $602,000 after purchasing an additional 58 shares during the last quarter. Finally, Transform Wealth LLC boosted its holdings in Crown Castle International by 2.5% during the second quarter. Transform Wealth LLC now owns 2,707 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 90.15% of the company’s stock.

In related news, Director Kevin A. Stephens purchased 1,110 shares of Crown Castle International stock in a transaction dated Wednesday, October 27th. The shares were bought at an average cost of $178.66 per share, for a total transaction of $198,312.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.45% of the company’s stock.

NYSE:CCI opened at $183.50 on Friday. Crown Castle International Corp. has a 52 week low of $146.15 and a 52 week high of $204.62. The firm has a market cap of $79.31 billion, a price-to-earnings ratio of 60.56, a P/E/G ratio of 2.84 and a beta of 0.41. The firm’s 50-day simple moving average is $178.70 and its 200 day simple moving average is $188.64. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.67 and a current ratio of 0.67.

Crown Castle International (NYSE:CCI) last announced its quarterly earnings data on Tuesday, October 19th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.62 billion. Crown Castle International had a net margin of 21.27% and a return on equity of 14.75%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. Sell-side analysts anticipate that Crown Castle International Corp. will post 6.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.20%. This is an increase from Crown Castle International’s previous quarterly dividend of $1.33. The ex-dividend date of this dividend is Tuesday, December 14th. Crown Castle International’s dividend payout ratio is presently 175.58%.

Several analysts have issued reports on CCI shares. JPMorgan Chase & Co. dropped their price target on shares of Crown Castle International from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, September 30th. They noted that the move was a valuation call. Royal Bank of Canada dropped their price target on shares of Crown Castle International from $210.00 to $202.00 and set an “outperform” rating on the stock in a research report on Monday, October 25th. Morgan Stanley increased their price objective on shares of Crown Castle International from $204.00 to $213.00 and gave the company an “overweight” rating in a research report on Friday, September 10th. They noted that the move was a valuation call. Credit Suisse Group raised shares of Crown Castle International from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $192.00 to $195.00 in a research report on Tuesday, October 19th. Finally, Barclays increased their price objective on shares of Crown Castle International from $215.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $196.08.

About Crown Castle International

Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.

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

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