Panagora Asset Management Inc. trimmed its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 20.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,449 shares of the real estate investment trust’s stock after selling 2,469 shares during the period. Panagora Asset Management Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $1,232,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. DNB Asset Management AS boosted its stake in shares of CROWN CASTLE IN/SH SH by 19.6% during the 2nd quarter. DNB Asset Management AS now owns 78,322 shares of the real estate investment trust’s stock worth $10,209,000 after buying an additional 12,824 shares during the last quarter. Western Wealth Management LLC boosted its stake in shares of CROWN CASTLE IN/SH SH by 9.7% during the 1st quarter. Western Wealth Management LLC now owns 3,463 shares of the real estate investment trust’s stock worth $443,000 after buying an additional 307 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of CROWN CASTLE IN/SH SH by 40.8% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,760 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 800 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of CROWN CASTLE IN/SH SH by 46.4% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 46,993 shares of the real estate investment trust’s stock worth $6,099,000 after buying an additional 14,893 shares during the last quarter. Finally, Vantage Investment Partners LLC acquired a new position in shares of CROWN CASTLE IN/SH SH during the 1st quarter worth about $8,392,000. Institutional investors own 91.62% of the company’s stock.
In other CROWN CASTLE IN/SH SH news, Director J Landis Martin bought 16,300 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the acquisition, the director now owns 130,617 shares of the company’s stock, valued at $16,631,462.61. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $143.34, for a total transaction of $143,340.00. Following the transaction, the vice president now directly owns 616 shares in the company, valued at $88,297.44. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
CCI stock traded down $0.65 during mid-day trading on Thursday, hitting $138.01. 46,866 shares of the company were exchanged, compared to its average volume of 1,844,787. The business has a 50 day simple moving average of $140.81 and a 200-day simple moving average of $130.99. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $57.60 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.64 and a beta of 0.27. CROWN CASTLE IN/SH SH has a 1-year low of $103.21 and a 1-year high of $149.47.
CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.85). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.125 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.50 annualized dividend and a yield of 3.26%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.
CROWN CASTLE IN/SH SH Company Profile
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.
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