CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC boosted its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,826 shares of the real estate investment trust’s stock after acquiring an additional 328 shares during the period. IHT Wealth Management LLC’s holdings in CROWN CASTLE IN/SH SH were worth $524,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after buying an additional 3,771,236 shares during the period. Vanguard Group Inc increased its stake in shares of CROWN CASTLE IN/SH SH by 7.6% in the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after buying an additional 3,771,236 shares during the period. BlackRock Inc. increased its stake in shares of CROWN CASTLE IN/SH SH by 0.4% in the fourth quarter. BlackRock Inc. now owns 28,057,717 shares of the real estate investment trust’s stock worth $3,047,911,000 after buying an additional 118,392 shares during the period. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 139,365 shares during the period. Finally, Northern Trust Corp increased its position in CROWN CASTLE IN/SH SH by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,496,865 shares of the real estate investment trust’s stock valued at $597,125,000 after purchasing an additional 155,891 shares during the period. 93.18% of the stock is owned by institutional investors.

Shares of NYSE:CCI traded down $1.47 during midday trading on Monday, reaching $127.40. The company’s stock had a trading volume of 2,225,084 shares, compared to its average volume of 1,906,578. The company has a market capitalization of $53.55 billion, a PE ratio of 23.25, a P/E/G ratio of 1.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.87 and a quick ratio of 0.87. CROWN CASTLE IN/SH SH has a 12-month low of $98.85 and a 12-month high of $130.60.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, March 14th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

A number of research analysts have issued reports on the stock. Wells Fargo & Co reissued an “outperform” rating and set a $142.00 price objective (up from $129.00) on shares of CROWN CASTLE IN/SH SH in a research report on Monday. TheStreet raised shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. UBS Group downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research report on Thursday. Guggenheim downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Deutsche Bank downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $122.50.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now owns 38,471 shares in the company, valued at approximately $4,618,828.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward C. Hutcheson, Jr. bought 350 shares of the stock in a transaction on Friday, February 8th. The shares were bought at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the purchase, the director now directly owns 59,187 shares in the company, valued at approximately $6,981,106.65. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

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About CROWN CASTLE IN/SH SH

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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