Toronto Dominion Bank decreased its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 16.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 330,029 shares of the real estate investment trust’s stock after selling 67,100 shares during the quarter. Toronto Dominion Bank’s holdings in CROWN CASTLE IN/SH SH were worth $43,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. DNB Asset Management AS raised its stake in CROWN CASTLE IN/SH SH by 19.6% during 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 purchasing an additional 12,824 shares during the period. Western Wealth Management LLC raised its position in shares of CROWN CASTLE IN/SH SH by 9.7% during the 1st quarter. Western Wealth Management LLC now owns 3,463 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 307 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in CROWN CASTLE IN/SH SH by 40.8% in the first quarter. Hunter Associates Investment Management LLC now owns 2,760 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 800 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in CROWN CASTLE IN/SH SH by 46.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 46,993 shares of the real estate investment trust’s stock valued at $6,099,000 after acquiring an additional 14,893 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in CROWN CASTLE IN/SH SH by 87.9% in the second quarter. Riverhead Capital Management LLC now owns 15,726 shares of the real estate investment trust’s stock worth $2,050,000 after acquiring an additional 7,355 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CCI traded down $0.88 on Wednesday, reaching $138.44. The stock had a trading volume of 95,568 shares, compared to its average volume of 1,344,700. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average price of $140.59 and a two-hundred day moving average price of $130.90. CROWN CASTLE IN/SH SH has a 12-month low of $103.21 and a 12-month high of $149.47. The firm has a market capitalization of $57.92 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.64 and a beta of 0.27.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current fiscal 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 paid a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 12th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,000 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $143.34, for a total value of $143,340.00. Following the completion of the transaction, the vice president now directly owns 616 shares of the company’s stock, valued at approximately $88,297.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J Landis Martin bought 16,300 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the transaction, the director now owns 130,617 shares in the company, valued at $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.

CCI has been the subject of several recent analyst reports. New Street Research cut CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research note on Thursday, June 13th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price target (up previously from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday, August 14th. Morgan Stanley increased their price target 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. raised 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 research report on Thursday, August 1st. Finally, Citigroup reduced their price objective on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $129.36.

CROWN CASTLE IN/SH SH 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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