Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 21.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,042 shares of the real estate investment trust’s stock after selling 9,382 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CROWN CASTLE In/SH SH were worth $3,790,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CCI. Xact Kapitalforvaltning AB grew its position in shares of CROWN CASTLE In/SH SH by 8.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 66,455 shares of the real estate investment trust’s stock valued at $7,165,000 after acquiring an additional 5,291 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of CROWN CASTLE In/SH SH during the 2nd quarter valued at approximately $415,000. Steward Partners Investment Advisory LLC grew its position in shares of CROWN CASTLE In/SH SH by 15.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 17,150 shares of the real estate investment trust’s stock valued at $1,849,000 after acquiring an additional 2,282 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of CROWN CASTLE In/SH SH by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,500 shares of the real estate investment trust’s stock valued at $2,102,000 after acquiring an additional 786 shares during the period. Finally, Naples Global Advisors LLC grew its position in shares of CROWN CASTLE In/SH SH by 6.4% during the 2nd quarter. Naples Global Advisors LLC now owns 9,299 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 558 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.

CCI opened at $112.27 on Tuesday. The company has a market capitalization of $46.51 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.38 and a beta of 0.35. CROWN CASTLE In/SH SH has a 12 month low of $98.85 and a 12 month high of $114.81. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.33.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. CROWN CASTLE In/SH SH’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. On average, equities analysts expect that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $1.125 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 annualized dividend and a yield of 4.01%. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is 86.60%.

In other CROWN CASTLE In/SH SH news, Director Robert E. Garrison II sold 2,451 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total value of $279,315.96. Following the completion of the transaction, the director now directly owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Langenfeld Cynthia K. Christy purchased 900 shares of the business’s stock in a transaction on Monday, October 22nd. The stock was purchased at an average cost of $106.19 per share, with a total value of $95,571.00. Following the completion of the acquisition, the director now owns 25,424 shares in the company, valued at $2,699,774.56. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on CCI shares. ValuEngine raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. TheStreet downgraded shares of CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research report on Wednesday, October 17th. Barclays raised their price objective on shares of CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, October 19th. Morgan Stanley raised their price objective 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. Finally, UBS Group set a $120.00 price objective on shares of CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a report on Friday, September 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.67.

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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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Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE In/SH SH (NYSE:CCI).

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

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