IFP Advisors Inc Has $1.28 Million Stake in CROWN CASTLE In/SH SH (CCI)

IFP Advisors Inc cut its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 15.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,478 shares of the real estate investment trust’s stock after selling 2,069 shares during the period. IFP Advisors Inc’s holdings in CROWN CASTLE In/SH SH were worth $1,278,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CCI. Commonwealth Bank of Australia grew its position in shares of CROWN CASTLE In/SH SH by 1,321.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,760,722 shares of the real estate investment trust’s stock valued at $282,092,000 after acquiring an additional 2,566,570 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CROWN CASTLE In/SH SH by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,399,446 shares of the real estate investment trust’s stock valued at $582,167,000 after acquiring an additional 844,554 shares during the period. Principal Financial Group Inc. grew its position in shares of CROWN CASTLE In/SH SH by 19.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock valued at $255,547,000 after acquiring an additional 382,362 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of CROWN CASTLE In/SH SH by 977.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 394,938 shares of the real estate investment trust’s stock valued at $42,582,000 after acquiring an additional 358,300 shares during the period. Finally, First Republic Investment Management Inc. lifted its stake in CROWN CASTLE In/SH SH by 8,236.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 255,426 shares of the real estate investment trust’s stock valued at $27,540,000 after buying an additional 252,362 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Shares of CROWN CASTLE In/SH SH stock opened at $109.52 on Wednesday. The stock has a market capitalization of $42.95 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.30 and a beta of 0.35. CROWN CASTLE In/SH SH has a twelve month low of $98.85 and a twelve month high of $114.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96.



CROWN CASTLE In/SH SH (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. CROWN CASTLE In/SH SH’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Sell-side analysts forecast that CROWN CASTLE In/SH SH will post 5.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.11%. This is a positive change from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, December 13th. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is 86.60%.

In other CROWN CASTLE In/SH SH news, Director Robert E. Garrison II sold 2,451 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total value of $279,315.96. Following the transaction, the director now directly owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Langenfeld Cynthia K. Christy bought 900 shares of the firm’s stock in a transaction on Monday, October 22nd. The stock was acquired at an average cost of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the purchase, the director now directly owns 25,424 shares in the company, valued at $2,699,774.56. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Zacks Investment Research lowered shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. ValuEngine raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Guggenheim reaffirmed a “buy” rating and issued a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Finally, UBS Group set a $120.00 price target on shares of CROWN CASTLE In/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $117.67.

CROWN CASTLE In/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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 In/SH SH (NYSE:CCI)

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