California State Teachers Retirement System lowered its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 0.0% in the first quarter, HoldingsChannel.com reports. The firm owned 691,728 shares of the real estate investment trust’s stock after selling 125 shares during the period. California State Teachers Retirement System’s holdings in CROWN CASTLE IN/SH SH were worth $88,541,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth about $347,360,000. Executive Wealth Management LLC purchased a new position in CROWN CASTLE IN/SH SH during the fourth quarter worth about $2,662,000. Front Row Advisors LLC boosted its stake in CROWN CASTLE IN/SH SH by 1.1% during the fourth quarter. Front Row Advisors LLC now owns 8,871 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 100 shares during the period. Neuburgh Advisers LLC boosted its stake in CROWN CASTLE IN/SH SH by 10.9% during the fourth quarter. Neuburgh Advisers LLC now owns 7,008 shares of the real estate investment trust’s stock worth $761,000 after buying an additional 688 shares during the period. Finally, Sterling Investment Management Inc. boosted its stake in CROWN CASTLE IN/SH SH by 7.2% during the first quarter. Sterling Investment Management Inc. now owns 23,409 shares of the real estate investment trust’s stock worth $2,996,000 after buying an additional 1,582 shares during the period. 92.20% of the stock is owned by institutional investors.

Several brokerages have weighed in on CCI. Morgan Stanley increased their target price on shares of CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Monday, March 11th. UBS Group lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 target price for the company. in a research note on Thursday, April 11th. Bank of America increased their target price on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Guggenheim lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research note on Friday, April 12th. They noted that the move was a valuation call. Finally, Macquarie lowered shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 12th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $123.25.

In other news, Director J Landis Martin bought 18,350 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average price of $123.13 per share, with a total value of $2,259,435.50. Following the completion of the acquisition, the director now directly owns 120,717 shares in the company, valued at $14,863,884.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Sean Collins sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the completion of the sale, the vice president now directly owns 1,616 shares in the company, valued at approximately $202,307.04. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

NYSE CCI opened at $127.83 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.91. CROWN CASTLE IN/SH SH has a one year low of $99.99 and a one year high of $130.60. The company has a market capitalization of $53.14 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.125 dividend. This represents a $4.50 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, June 13th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

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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 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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