Xact Kapitalforvaltning AB raised its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 2.4% during the third quarter, HoldingsChannel.com reports. The fund owned 68,048 shares of the real estate investment trust’s stock after purchasing an additional 1,593 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in CROWN CASTLE In/SH SH were worth $7,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CCI. People s United Financial Inc. bought a new position in shares of CROWN CASTLE In/SH SH in the second quarter worth $14,091,000. Kaizen Advisory LLC increased its holdings in shares of CROWN CASTLE In/SH SH by 142.5% in the second quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 553 shares during the period. Sun Life Financial INC increased its holdings in shares of CROWN CASTLE In/SH SH by 443.0% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 917 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of CROWN CASTLE In/SH SH in the second quarter worth $201,000. Finally, We Are One Seven LLC bought a new position in shares of CROWN CASTLE In/SH SH in the third quarter worth $213,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

CCI traded down $0.29 during trading on Friday, reaching $106.33. The stock had a trading volume of 12,274 shares, compared to its average volume of 2,147,193. The stock has a market cap of $44.30 billion, a PE ratio of 21.93, a P/E/G ratio of 1.62 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.26. CROWN CASTLE In/SH SH has a one year low of $98.85 and a one year high of $114.97.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 10.07%. The firm’s revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts anticipate that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s dividend payout ratio is currently 86.60%.

In related news, Director Robert E. Garrison II sold 2,451 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total value of $279,315.96. Following the transaction, the director now owns 23,100 shares of the company’s stock, valued at $2,632,476. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J Landis Martin purchased 6,100 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were acquired at an average price of $110.14 per share, with a total value of $671,854.00. Following the completion of the transaction, the director now owns 107,822 shares of the company’s stock, valued at $11,875,515.08. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on CCI. TheStreet cut shares of CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a report on Wednesday. UBS Group set a $120.00 price target on shares of CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a report on Friday, September 28th. Morgan Stanley upped their price target on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. 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. Finally, Citigroup upped their price target on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. CROWN CASTLE In/SH SH has an average rating of “Buy” and an average target price of $117.45.

CROWN CASTLE In/SH SH Company Profile

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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