CROWN CASTLE IN/SH SH (NYSE:CCI) Stock Holdings Boosted by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,578,344 shares of the real estate investment trust’s stock after acquiring an additional 81,479 shares during the period. Northern Trust Corp owned 1.34% of CROWN CASTLE IN/SH SH worth $714,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. Norges Bank purchased a new stake in shares of CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $347,360,000. Executive Wealth Management LLC purchased a new position in shares of CROWN CASTLE IN/SH SH during the 4th quarter worth approximately $2,662,000. Western Wealth Management LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 9.7% during the 1st quarter. Western Wealth Management LLC now owns 3,463 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 307 shares during the period. Front Row Advisors LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 1.1% during the 4th quarter. Front Row Advisors LLC now owns 8,871 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 100 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its holdings in CROWN CASTLE IN/SH SH by 40.8% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,760 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 800 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

In other news, VP Robert Sean Collins sold 1,200 shares of the business’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 value of $150,228.00. Following the completion of the transaction, the vice president now owns 1,616 shares of the company’s stock, valued at $202,307.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J Landis Martin acquired 18,350 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average cost of $123.13 per share, with a total value of $2,259,435.50. Following the transaction, the director now owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Wells Fargo & Co raised their price objective on shares of CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, April 15th. New Street Research lowered shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Thursday, June 13th. UBS Group lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a report on Thursday, April 11th. Finally, Guggenheim lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a report on Friday, April 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. CROWN CASTLE IN/SH SH currently has an average rating of “Hold” and an average price target of $122.46.

Shares of NYSE CCI traded down $0.12 during midday trading on Friday, hitting $130.35. The company had a trading volume of 3,630,700 shares, compared to its average volume of 1,879,153. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $54.15 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.50 and a beta of 0.34. The firm has a 50-day simple moving average of $130.79. CROWN CASTLE IN/SH SH has a twelve month low of $103.21 and a twelve month high of $137.85.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.93). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.39 billion. CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Research analysts forecast that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.125 per share. This represents a $4.50 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, June 13th. CROWN CASTLE IN/SH SH’s payout ratio is currently 82.12%.

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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