CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Acquired by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC raised its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,287 shares of the real estate investment trust’s stock after acquiring an additional 3,078 shares during the period. Cetera Advisor Networks LLC’s holdings in CROWN CASTLE IN/SH SH were worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Insight Wealth Strategies LLC purchased a new stake in CROWN CASTLE IN/SH SH in the 3rd quarter worth $272,000. Bogart Wealth LLC increased its holdings in CROWN CASTLE IN/SH SH by 0.5% in the 3rd quarter. Bogart Wealth LLC now owns 21,132 shares of the real estate investment trust’s stock worth $2,938,000 after acquiring an additional 106 shares in the last quarter. Corient Capital Partners LLC increased its holdings in CROWN CASTLE IN/SH SH by 1.0% in the 3rd quarter. Corient Capital Partners LLC now owns 22,300 shares of the real estate investment trust’s stock worth $3,100,000 after acquiring an additional 210 shares in the last quarter. Banco Santander S.A. increased its holdings in CROWN CASTLE IN/SH SH by 35.4% in the 3rd quarter. Banco Santander S.A. now owns 6,110 shares of the real estate investment trust’s stock worth $849,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in CROWN CASTLE IN/SH SH by 7.8% in the 3rd quarter. Great Lakes Advisors LLC now owns 2,025 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

CROWN CASTLE IN/SH SH stock opened at $134.68 on Friday. CROWN CASTLE IN/SH SH has a 52-week low of $103.21 and a 52-week high of $149.47. The firm has a market capitalization of $54.62 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.49 and a beta of 0.28. The company has a fifty day simple moving average of $137.38 and a 200-day simple moving average of $135.24. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.05.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $1.20 per share. This is a positive change from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.56%. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 82.12%.

CCI has been the subject of several recent analyst reports. ValuEngine lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup cut their price target on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Guggenheim set a $148.00 price target on shares of CROWN CASTLE IN/SH SH and gave the stock a “hold” rating in a report on Thursday, September 12th. UBS Group boosted their price target on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $135.58.

In other news, COO Robert Carl Ackerman sold 10,500 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $143.43, for a total transaction of $1,506,015.00. Following the transaction, the chief operating officer now owns 7,806 shares of the company’s stock, valued at approximately $1,119,614.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Landis Martin purchased 1,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of $130.62 per share, for a total transaction of $130,620.00. Following the transaction, the director now owns 131,617 shares in the company, valued at approximately $17,191,812.54. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

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.

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

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