Duff & Phelps Investment Management Co. maintained its position in Communications Sales & Leasing Inc. (NASDAQ:CSAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,919,440 shares of the company’s stock at the end of the second quarter. Duff & Phelps Investment Management Co. owned about 1.27% of Communications Sales & Leasing worth $55,472,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Henderson Group PLC acquired a new stake in shares of Communications Sales & Leasing during the second quarter worth $2,139,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Communications Sales & Leasing during the second quarter worth $229,000. Huntington National Bank acquired a new stake in shares of Communications Sales & Leasing during the second quarter worth $124,000. Northpointe Capital LLC raised its stake in shares of Communications Sales & Leasing by 1.4% in the second quarter. Northpointe Capital LLC now owns 414,504 shares of the company’s stock worth $11,979,000 after buying an additional 5,743 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Communications Sales & Leasing by 743.6% in the second quarter. Advisory Services Network LLC now owns 8,436 shares of the company’s stock worth $244,000 after buying an additional 7,436 shares during the last quarter. 57.77% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Communications Sales & Leasing (NASDAQ:CSAL)

Shares of Communications Sales & Leasing Inc. (NASDAQ:CSAL) traded up 0.53% on Wednesday, reaching $30.30. 604,065 shares of the company’s stock traded hands. The stock has a 50-day moving average of $30.89 and a 200 day moving average of $27.96. The firm has a market cap of $4.66 billion, a P/E ratio of 155.38 and a beta of 1.27. Communications Sales & Leasing Inc. has a 12-month low of $15.13 and a 12-month high of $32.73.

Communications Sales & Leasing (NASDAQ:CSAL) last issued its earnings results on Thursday, August 11th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.09. The firm earned $188.60 million during the quarter, compared to analysts’ expectations of $189.04 million. Communications Sales & Leasing had a net margin of 3.25% and a negative return on equity of 1.89%. The company’s quarterly revenue was up 46.5% compared to the same quarter last year. On average, equities research analysts expect that Communications Sales & Leasing Inc. will post $2.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date was Wednesday, September 28th. Communications Sales & Leasing’s payout ratio is presently 1,714.29%.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Communications Sales & Leasing in a report on Monday, September 26th. They issued an “overweight” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Communications Sales & Leasing in a report on Sunday, July 24th. Zacks Investment Research lowered shares of Communications Sales & Leasing from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Cowen and Company started coverage on shares of Communications Sales & Leasing in a report on Thursday, October 13th. They set an “outperform” rating and a $34.00 price target for the company. Finally, Citigroup Inc. reiterated a “buy” rating and set a $32.00 price target on shares of Communications Sales & Leasing in a report on Tuesday, July 5th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $30.10.

About Communications Sales & Leasing

Communications Sales & Leasing, Inc (CS&L) is an internally managed real estate investment trust (REIT) engaged in the acquisition and construction of a range of infrastructure in the communications industry. The Company is focused on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

5 Day Chart for NASDAQ:CSAL

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