Strs Ohio Grows Stake in CROWN CASTLE IN/SH SH (CCI)

Strs Ohio raised its holdings in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,586 shares of the real estate investment trust’s stock after buying an additional 4,860 shares during the quarter. Strs Ohio owned about 0.06% of CROWN CASTLE IN/SH SH worth $29,771,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCI. Cpwm LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 1.2% during the 4th quarter. Cpwm LLC now owns 7,921 shares of the real estate investment trust’s stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Cozad Asset Management Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 0.6% during the 4th quarter. Cozad Asset Management Inc. now owns 17,018 shares of the real estate investment trust’s stock valued at $1,849,000 after acquiring an additional 98 shares during the last quarter. Front Row Advisors LLC boosted its position in shares of CROWN CASTLE IN/SH SH by 1.1% during the 4th quarter. Front Row Advisors LLC now owns 8,871 shares of the real estate investment trust’s stock valued at $964,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of CROWN CASTLE IN/SH SH by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the real estate investment trust’s stock valued at $2,803,000 after acquiring an additional 100 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its position in shares of CROWN CASTLE IN/SH SH by 10.7% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,088 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 105 shares during the last quarter. 93.18% of the stock is owned by institutional investors and hedge funds.

NYSE CCI opened at $122.62 on Friday. CROWN CASTLE IN/SH SH has a 12 month low of $98.85 and a 12 month high of $130.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 0.76. The stock has a market capitalization of $50.96 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.41 and a beta of 0.42.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $0.21 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that CROWN CASTLE IN/SH SH will post 5.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $1.125 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.50 dividend on an annualized basis and a yield of 3.67%. CROWN CASTLE IN/SH SH’s payout ratio is currently 82.12%.

CCI has been the topic of several recent research reports. Guggenheim cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Deutsche Bank cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Raymond James raised shares of CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Macquarie cut shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Finally, Goldman Sachs Group cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Monday, January 14th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $122.50.

In other CROWN CASTLE IN/SH SH news, Director Edward C. Hutcheson, Jr. purchased 350 shares of the business’s stock in a transaction on Friday, February 8th. The shares were bought at an average cost of $117.95 per share, for a total transaction of $41,282.50. Following the completion of the purchase, the director now directly owns 59,187 shares of the company’s stock, valued at $6,981,106.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the sale, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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CROWN CASTLE IN/SH SH 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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