B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Cuts Holdings in CROWN CASTLE In/SH SH (CCI)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,939 shares of the real estate investment trust’s stock after selling 3,692 shares during the period. CROWN CASTLE In/SH SH accounts for approximately 1.2% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings, making the stock its 26th biggest holding. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in CROWN CASTLE In/SH SH were worth $7,325,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCI. Robeco Institutional Asset Management B.V. lifted its position in CROWN CASTLE In/SH SH by 16.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 24,001 shares of the real estate investment trust’s stock valued at $2,631,000 after purchasing an additional 3,477 shares during the period. Aperio Group LLC lifted its position in CROWN CASTLE In/SH SH by 7.4% during the 1st quarter. Aperio Group LLC now owns 229,976 shares of the real estate investment trust’s stock valued at $25,208,000 after purchasing an additional 15,809 shares during the period. Thrivent Financial for Lutherans lifted its position in CROWN CASTLE In/SH SH by 50.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 244,405 shares of the real estate investment trust’s stock valued at $26,789,000 after purchasing an additional 81,709 shares during the period. Neuburgh Advisers LLC lifted its position in CROWN CASTLE In/SH SH by 39.4% during the 1st quarter. Neuburgh Advisers LLC now owns 7,584 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 2,144 shares during the period. Finally, Signaturefd LLC acquired a new position in CROWN CASTLE In/SH SH during the 1st quarter valued at about $134,000. Institutional investors own 94.97% of the company’s stock.

In related news, Director Robert E. Garrison II sold 2,451 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 23,100 shares of the company’s stock, valued at approximately $2,632,476. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J Landis Martin bought 6,100 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were acquired at an average cost of $110.14 per share, with a total value of $671,854.00. Following the completion of the purchase, the director now owns 107,822 shares in the company, valued at approximately $11,875,515.08. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by corporate insiders.

Shares of CCI stock opened at $112.50 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 stock has a market capitalization of $46.51 billion, a PE ratio of 23.20, a P/E/G ratio of 1.70 and a beta of 0.37. 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 announced its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.91). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. sell-side analysts expect that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $1.05 per share. The ex-dividend date is Thursday, September 13th. This represents a $4.20 dividend on an annualized basis and a yield of 3.73%. CROWN CASTLE In/SH SH’s payout ratio is 86.60%.

A number of brokerages have recently commented on CCI. Guggenheim reaffirmed a “buy” rating and issued a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Cowen reaffirmed a “buy” rating and issued a $121.00 price target on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Zacks Investment Research raised CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Thursday, July 19th. Citigroup upped their price target on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Finally, Morgan Stanley upped their price target on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, August 16th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CROWN CASTLE In/SH SH has an average rating of “Hold” and a consensus price target of $117.20.

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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