Los Angeles Capital Management & Equity Research Inc. Boosts Position in CROWN CASTLE In/SH SH (CCI)

Los Angeles Capital Management & Equity Research Inc. increased its holdings in CROWN CASTLE In/SH SH (NYSE:CCI) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,002 shares of the real estate investment trust’s stock after buying an additional 19,620 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in CROWN CASTLE In/SH SH were worth $17,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in CROWN CASTLE In/SH SH by 19.6% during the first quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock valued at $255,547,000 after purchasing an additional 382,362 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in CROWN CASTLE In/SH SH by 8.7% during the second quarter. Xact Kapitalforvaltning AB now owns 66,455 shares of the real estate investment trust’s stock valued at $7,165,000 after purchasing an additional 5,291 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in CROWN CASTLE In/SH SH during the second quarter valued at approximately $8,273,000. Bogart Wealth LLC lifted its holdings in CROWN CASTLE In/SH SH by 4.8% during the second quarter. Bogart Wealth LLC now owns 16,769 shares of the real estate investment trust’s stock valued at $1,808,000 after purchasing an additional 766 shares in the last quarter. Finally, Manning & Napier Group LLC lifted its holdings in CROWN CASTLE In/SH SH by 6.4% during the second quarter. Manning & Napier Group LLC now owns 70,498 shares of the real estate investment trust’s stock valued at $7,599,000 after purchasing an additional 4,230 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.

In other CROWN CASTLE In/SH SH news, Director Langenfeld Cynthia K. Christy purchased 900 shares of CROWN CASTLE In/SH SH stock in a transaction that occurred on Monday, October 22nd. The shares were bought at an average price of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the transaction, the director now owns 25,424 shares of the company’s stock, valued at approximately $2,699,774.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of the business’s stock in a transaction 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 owns 23,100 shares in the company, valued at approximately $2,632,476. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Several equities analysts have weighed in on CCI shares. Zacks Investment Research raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Thursday, July 19th. Cowen reaffirmed a “buy” rating and set a $121.00 price target on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Guggenheim reaffirmed a “buy” rating and set a $120.00 price target on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Citigroup lifted their price target on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, August 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CROWN CASTLE In/SH SH has an average rating of “Buy” and a consensus target price of $117.67.

CROWN CASTLE In/SH SH stock opened at $110.87 on Friday. The company has a market cap of $46.35 billion, a PE ratio of 22.86, a P/E/G ratio of 1.37 and a beta of 0.35. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.33. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.81.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. As a group, analysts anticipate that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $1.125 per share. The ex-dividend date is Thursday, December 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.06%. 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 (DPR) is presently 86.60%.

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CROWN CASTLE In/SH SH 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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