CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,138 shares of the real estate investment trust’s stock after buying an additional 2,030 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CROWN CASTLE IN/SH SH were worth $3,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in CROWN CASTLE IN/SH SH by 10,630.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,899,104 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 4,853,447 shares during the last quarter. Vanguard Group Inc boosted its holdings in CROWN CASTLE IN/SH SH by 7.6% in the 3rd quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after purchasing an additional 3,771,236 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CROWN CASTLE IN/SH SH by 7.6% in the 3rd quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after purchasing an additional 3,771,236 shares during the last quarter. Jennison Associates LLC boosted its holdings in CROWN CASTLE IN/SH SH by 110.6% in the 4th quarter. Jennison Associates LLC now owns 4,571,756 shares of the real estate investment trust’s stock valued at $496,630,000 after purchasing an additional 2,400,421 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in CROWN CASTLE IN/SH SH by 42.8% in the 4th quarter. California Public Employees Retirement System now owns 2,071,955 shares of the real estate investment trust’s stock valued at $225,076,000 after purchasing an additional 621,262 shares during the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

In related news, SVP Michael Joseph Kavanagh sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $120.06, for a total value of $300,150.00. Following the sale, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at $4,618,828.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward C. Hutcheson, Jr. purchased 350 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was acquired at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the acquisition, the director now directly owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

CROWN CASTLE IN/SH SH stock traded down $1.47 during trading hours on Monday, reaching $127.40. 2,225,084 shares of the stock were exchanged, compared to its average volume of 1,906,578. The company has a market cap of $53.55 billion, a P/E ratio of 23.25, a PEG ratio of 1.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.87 and a current ratio of 0.87. CROWN CASTLE IN/SH SH has a 52-week low of $98.85 and a 52-week high of $130.60.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts predict that CROWN CASTLE IN/SH SH will post 5.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $1.125 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.50 annualized dividend and a yield of 3.53%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is currently 82.12%.

A number of equities research analysts have recently issued reports on CCI shares. Zacks Investment Research raised shares of CROWN CASTLE IN/SH SH from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Goldman Sachs Group cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Monday, January 14th. Morgan Stanley boosted their price target on shares of CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the stock an “overweight” rating in a report on Monday, March 11th. Bank of America boosted their price target on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Raymond James upgraded shares of CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a report on Thursday, January 3rd. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $122.50.

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CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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