Oppenheimer Asset Management Inc. grew its stake in CROWN CASTLE In/SH SH (NYSE:CCI) by 4.5% during the second quarter, HoldingsChannel reports. The fund owned 50,774 shares of the real estate investment trust’s stock after purchasing an additional 2,201 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CROWN CASTLE In/SH SH were worth $5,474,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kaizen Advisory LLC grew its stake in CROWN CASTLE In/SH SH by 142.5% in the 2nd quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 553 shares in the last quarter. Sun Life Financial INC grew its stake in CROWN CASTLE In/SH SH by 443.0% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 917 shares in the last quarter. Signaturefd LLC bought a new position in CROWN CASTLE In/SH SH in the 1st quarter worth about $134,000. McKinley Carter Wealth Services Inc. bought a new position in CROWN CASTLE In/SH SH in the 1st quarter worth about $137,000. Finally, TLP Group LLC bought a new position in CROWN CASTLE In/SH SH in the 1st quarter worth about $200,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

NYSE CCI opened at $113.76 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.91 and a current ratio of 0.91. CROWN CASTLE In/SH SH has a 52-week low of $98.85 and a 52-week high of $114.97. The company has a market cap of $47.11 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.72 and a beta of 0.37.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.91). CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.31 earnings per share. CROWN CASTLE In/SH SH’s revenue for the quarter was up 28.1% on a year-over-year basis. equities analysts predict that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders 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 dividend yield of 3.69%. CROWN CASTLE In/SH SH’s dividend payout ratio is presently 86.60%.

In other news, Director Robert E. Garrison II sold 2,451 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now directly owns 23,100 shares in the company, valued at $2,632,476. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J Landis Martin acquired 6,100 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average price of $110.14 per share, for a total transaction of $671,854.00. Following the completion of the purchase, the director now owns 107,822 shares of the company’s stock, 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 company insiders.

A number of equities analysts have commented on CCI shares. Morgan Stanley dropped their target price on shares of CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, May 31st. Cowen restated a “buy” rating and issued a $121.00 target price on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Guggenheim restated a “buy” rating and issued a $120.00 target price on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Thursday, July 19th. Finally, Citigroup upped their target price on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $116.91.

About CROWN CASTLE In/SH SH

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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