Nissay Asset Management Corp Japan ADV Buys 1,821 Shares of CROWN CASTLE IN/SH SH (CCI)

Nissay Asset Management Corp Japan ADV grew its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 6.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,534 shares of the real estate investment trust’s stock after acquiring an additional 1,821 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in CROWN CASTLE IN/SH SH were worth $4,036,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCI. Norges Bank purchased a new stake in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $347,360,000. Executive Wealth Management LLC acquired a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter worth $2,662,000. Front Row Advisors LLC increased its position in CROWN CASTLE IN/SH SH by 1.1% during the fourth quarter. Front Row Advisors LLC now owns 8,871 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 100 shares during the last quarter. Strs Ohio increased its position in CROWN CASTLE IN/SH SH by 0.8% during the fourth quarter. Strs Ohio now owns 227,726 shares of the real estate investment trust’s stock worth $24,737,000 after buying an additional 1,715 shares during the last quarter. Finally, Fox Run Management L.L.C. increased its position in CROWN CASTLE IN/SH SH by 8.4% during the fourth quarter. Fox Run Management L.L.C. now owns 3,065 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 238 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Several equities analysts have commented on CCI shares. Guggenheim downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Deutsche Bank downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Macquarie downgraded CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Goldman Sachs Group downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target on the stock. in a research report on Monday, January 14th. Finally, Zacks Investment Research raised CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $122.50.



NYSE CCI opened at $126.30 on Tuesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.87. CROWN CASTLE IN/SH SH has a twelve month low of $99.99 and a twelve month high of $130.60. The stock has a market capitalization of $52.20 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.43 and a beta of 0.40.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current year.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the completion of the transaction, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Landis Martin purchased 18,350 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average price of $123.13 per share, with a total value of $2,259,435.50. Following the purchase, the director now owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://dakotafinancialnews.com/2019/05/14/nissay-asset-management-corp-japan-adv-buys-1821-shares-of-crown-castle-in-sh-sh-cci.html.

About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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.

Featured Story: Dollar Cost Averaging

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE IN/SH SH (NYSE:CCI).

Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.