Signaturefd LLC Raises Stake in CROWN CASTLE IN/SH SH (NYSE:CCI)

Signaturefd LLC boosted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 35.0% in the third quarter, HoldingsChannel reports. The fund owned 2,359 shares of the real estate investment trust’s stock after acquiring an additional 612 shares during the period. Signaturefd LLC’s holdings in CROWN CASTLE IN/SH SH were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional raised its holdings in CROWN CASTLE IN/SH SH by 34.3% in the third quarter. CX Institutional now owns 317 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Lindbrook Capital LLC raised its holdings in CROWN CASTLE IN/SH SH by 11.4% in the second quarter. Lindbrook Capital LLC now owns 821 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 84 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in CROWN CASTLE IN/SH SH by 4.7% in the second quarter. Sunbelt Securities Inc. now owns 1,972 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 88 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in CROWN CASTLE IN/SH SH by 4.6% in the second quarter. Cornerstone Advisors Inc. now owns 2,045 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 89 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. raised its holdings in CROWN CASTLE IN/SH SH by 8.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,183 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 95 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Shares of CCI traded up $4.48 during mid-day trading on Friday, hitting $144.06. 3,078,913 shares of the company traded hands, compared to its average volume of 1,950,696. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.76 and a current ratio of 0.72. The stock has a 50-day moving average price of $140.35 and a two-hundred day moving average price of $133.81. CROWN CASTLE IN/SH SH has a 1 year low of $103.21 and a 1 year high of $149.47. The stock has a market cap of $58.03 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.60 and a beta of 0.27.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. CROWN CASTLE IN/SH SH had a net margin of 16.12% and a return on equity of 8.07%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.33%. This is a positive change from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, December 12th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

Several research analysts have issued reports on CCI shares. JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. Bank of America reissued a “buy” rating and set a $151.00 price objective (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a report on Wednesday, August 14th. Morgan Stanley boosted their price objective on shares of CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. UBS Group boosted their price objective on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the company a “neutral” rating in a report on Friday. Finally, Guggenheim set a $148.00 price objective on shares of CROWN CASTLE IN/SH SH and gave the company a “hold” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $133.77.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin bought 16,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was bought at an average cost of $127.33 per share, for a total transaction of $2,075,479.00. Following the completion of the transaction, the director now owns 130,617 shares of the company’s stock, valued at approximately $16,631,462.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Sean Collins sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $143.34, for a total transaction of $143,340.00. Following the sale, the vice president now owns 616 shares of the company’s stock, valued at $88,297.44. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

CROWN CASTLE IN/SH SH 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.

Read More: Preferred Stock

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

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