Walter & Keenan Financial Consulting Co. MI ADV raised its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,150 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in CROWN CASTLE IN/SH SH were worth $1,584,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC grew its holdings in CROWN CASTLE IN/SH SH by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 9,036,753 shares of the real estate investment trust’s stock valued at $1,156,691,000 after buying an additional 233,519 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in CROWN CASTLE IN/SH SH by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock valued at $665,173,000 after buying an additional 139,365 shares during the last quarter. Northern Trust Corp grew its holdings in CROWN CASTLE IN/SH SH by 1.5% during the 1st quarter. Northern Trust Corp now owns 5,578,344 shares of the real estate investment trust’s stock valued at $714,027,000 after buying an additional 81,479 shares during the last quarter. Geode Capital Management LLC grew its holdings in CROWN CASTLE IN/SH SH by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 4,929,209 shares of the real estate investment trust’s stock valued at $534,436,000 after buying an additional 372,285 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of CROWN CASTLE IN/SH SH by 7.3% during the first quarter. Jennison Associates LLC now owns 4,904,370 shares of the real estate investment trust’s stock worth $627,759,000 after purchasing an additional 332,614 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Shares of CCI stock traded down $0.84 during mid-day trading on Wednesday, hitting $140.66. 297,627 shares of the company’s stock were exchanged, compared to its average volume of 1,891,214. CROWN CASTLE IN/SH SH has a fifty-two week low of $103.21 and a fifty-two week high of $142.24. The company has a 50-day simple moving average of $133.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $58.64 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.78 and a beta of 0.33.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.85). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. As a group, sell-side analysts anticipate that CROWN CASTLE IN/SH SH will post 5.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $1.125 dividend. This represents a $4.50 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is currently 82.12%.

Several equities research analysts have recently issued reports on CCI shares. Bank of America raised their price objective on CROWN CASTLE IN/SH SH from $133.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley raised their price objective on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. JPMorgan Chase & Co. upgraded CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. Finally, New Street Research cut CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $128.50.

In other news, Director J Landis Martin bought 16,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the transaction, the director now owns 130,617 shares of the company’s stock, valued at approximately $16,631,462.61. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 1,200 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the transaction, the vice president now directly owns 1,616 shares in the company, valued at $202,307.04. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.

Featured Story: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.