CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 4.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,850 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in CROWN CASTLE IN/SH SH were worth $2,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CCI. Marshall Wace LLP acquired a new stake in shares of CROWN CASTLE IN/SH SH in the first quarter worth $118,000. Cox Capital Mgt LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 1.6% in the second quarter. Cox Capital Mgt LLC now owns 8,832 shares of the real estate investment trust’s stock worth $1,151,000 after buying an additional 140 shares during the period. Anderson Hoagland & Co. boosted its position in shares of CROWN CASTLE IN/SH SH by 1.3% in the second quarter. Anderson Hoagland & Co. now owns 30,335 shares of the real estate investment trust’s stock worth $3,944,000 after buying an additional 382 shares during the period. Winfield Associates Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 3.6% in the second quarter. Winfield Associates Inc. now owns 20,682 shares of the real estate investment trust’s stock worth $2,696,000 after buying an additional 720 shares during the period. Finally, DNB Asset Management AS boosted its position in shares of CROWN CASTLE IN/SH SH by 19.6% in the second quarter. DNB Asset Management AS now owns 78,322 shares of the real estate investment trust’s stock worth $10,209,000 after buying an additional 12,824 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $143.34, for a total transaction of $143,340.00. Following the transaction, the vice president now directly owns 616 shares in the company, valued at $88,297.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert Carl Ackerman sold 10,500 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $143.43, for a total value of $1,506,015.00. Following the transaction, the chief operating officer now owns 7,806 shares in the company, valued at $1,119,614.58. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

CCI traded down $1.10 during trading on Friday, reaching $130.81. 2,279,699 shares of the stock traded hands, compared to its average volume of 1,876,144. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 1.49 and a beta of 0.28. CROWN CASTLE IN/SH SH has a fifty-two week low of $103.21 and a fifty-two week high of $149.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.72 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $138.49 and its two-hundred day simple moving average is $134.97.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. CROWN CASTLE IN/SH SH had a return on equity of 8.07% and a net margin of 16.12%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $1.20 per share. This is a boost from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, December 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.67%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

CCI has been the subject of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $151.00 target price (up previously from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. Guggenheim set a $148.00 target price on CROWN CASTLE IN/SH SH and gave the stock a “hold” rating in a research report on Thursday, September 12th. SunTrust Banks raised their target price on CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley raised their target price on CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Finally, UBS Group lifted their price objective on CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $135.58.

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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