Oregon Public Employees Retirement Fund raised its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,342 shares of the real estate investment trust’s stock after buying an additional 1,458 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CROWN CASTLE In/SH SH were worth $4,889,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCI. Kaizen Advisory LLC increased its holdings in CROWN CASTLE In/SH SH by 142.5% during the second quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 553 shares during the last quarter. Sun Life Financial INC increased its holdings in CROWN CASTLE In/SH SH by 443.0% during the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 917 shares during the last quarter. Signaturefd LLC purchased a new stake in CROWN CASTLE In/SH SH during the first quarter valued at approximately $134,000. McKinley Carter Wealth Services Inc. purchased a new stake in CROWN CASTLE In/SH SH during the first quarter valued at approximately $137,000. Finally, TLP Group LLC purchased a new stake in CROWN CASTLE In/SH SH during the first quarter valued at approximately $200,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CCI opened at $113.02 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $47.43 billion, a PE ratio of 23.30, a PEG ratio of 1.73 and a beta of 0.37. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97.

CROWN CASTLE In/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.91). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 9.72%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. research analysts predict that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.72%. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is presently 86.60%.

In related news, Director J Landis Martin bought 6,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $110.14 per share, for a total transaction of $671,854.00. Following the completion of the transaction, the director now owns 107,822 shares in the company, valued at $11,875,515.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

A number of brokerages have commented on CCI. Guggenheim reaffirmed a “buy” rating and set a $120.00 target price on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Zacks Investment Research cut shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Morgan Stanley reduced their target price on shares of CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, May 31st. Cowen reaffirmed a “buy” rating and set a $121.00 target price on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Finally, Citigroup upped their target price on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $116.91.

About CROWN CASTLE In/SH SH

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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