Nomura Asset Management Co. Ltd. lifted its holdings in CROWN CASTLE In/SH SH (NYSE:CCI) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,883 shares of the real estate investment trust’s stock after buying an additional 20,966 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CROWN CASTLE In/SH SH were worth $8,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in CROWN CASTLE In/SH SH by 1.6% in the second quarter. Raymond James Trust N.A. now owns 30,017 shares of the real estate investment trust’s stock valued at $3,237,000 after purchasing an additional 466 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in CROWN CASTLE In/SH SH by 1.5% in the second quarter. First Citizens Bank & Trust Co. now owns 32,136 shares of the real estate investment trust’s stock valued at $3,465,000 after purchasing an additional 483 shares during the last quarter. Front Row Advisors LLC lifted its stake in CROWN CASTLE In/SH SH by 6.0% in the second quarter. Front Row Advisors LLC now owns 8,628 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 485 shares during the last quarter. Motco lifted its stake in CROWN CASTLE In/SH SH by 0.6% in the first quarter. Motco now owns 77,667 shares of the real estate investment trust’s stock valued at $8,514,000 after purchasing an additional 499 shares during the last quarter. Finally, R.M.SINCERBEAUX Capital Management LLC lifted its stake in CROWN CASTLE In/SH SH by 16.7% in the second quarter. R.M.SINCERBEAUX Capital Management LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.

CCI has been the topic of several research analyst reports. Barclays upped their price objective on CROWN CASTLE In/SH SH from $107.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 17th. Cowen reiterated a “buy” rating and issued a $119.00 price objective on shares of CROWN CASTLE In/SH SH in a research note on Friday, April 20th. Morgan Stanley dropped their price objective on CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, May 31st. Zacks Investment Research downgraded CROWN CASTLE In/SH SH from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $120.00 price objective on shares of CROWN CASTLE In/SH SH in a research note on Friday, July 20th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. CROWN CASTLE In/SH SH currently has a consensus rating of “Buy” and an average target price of $115.92.

In related news, Director J Landis Martin bought 6,100 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were purchased at an average price of $110.14 per share, for a total transaction of $671,854.00. Following the completion of the transaction, the director now directly owns 107,822 shares in the company, valued at approximately $11,875,515.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

NYSE:CCI opened at $110.34 on Friday. The firm has a market cap of $46.22 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.69 and a beta of 0.37. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.91). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 9.72%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. analysts predict that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $4.20 annualized dividend and a dividend yield of 3.81%. CROWN CASTLE In/SH SH’s dividend payout ratio is currently 86.60%.

About CROWN CASTLE In/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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.

Further Reading: Earnings Per Share (EPS) Explained

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

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