NTV Asset Management LLC cut its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,092 shares of the real estate investment trust’s stock after selling 1,153 shares during the quarter. NTV Asset Management LLC’s holdings in CROWN CASTLE In/SH SH were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its position in CROWN CASTLE In/SH SH by 372.5% in the 3rd quarter. Jennison Associates LLC now owns 2,171,335 shares of the real estate investment trust’s stock valued at $241,735,000 after purchasing an additional 1,711,765 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in CROWN CASTLE In/SH SH by 50.0% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 26,815 shares of the real estate investment trust’s stock valued at $2,985,000 after purchasing an additional 8,939 shares in the last quarter. Norinchukin Bank The raised its position in CROWN CASTLE In/SH SH by 13.5% in the 3rd quarter. Norinchukin Bank The now owns 53,359 shares of the real estate investment trust’s stock valued at $5,940,000 after purchasing an additional 6,360 shares in the last quarter. Tobam raised its position in CROWN CASTLE In/SH SH by 54.9% in the 3rd quarter. Tobam now owns 262,199 shares of the real estate investment trust’s stock valued at $29,191,000 after purchasing an additional 92,920 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in CROWN CASTLE In/SH SH by 10.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,053,679 shares of the real estate investment trust’s stock valued at $339,336,000 after purchasing an additional 292,957 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

A number of equities research analysts have issued reports on CCI shares. Morgan Stanley increased their price target on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, August 16th. Zacks Investment Research raised CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Thursday, July 19th. ValuEngine lowered CROWN CASTLE In/SH SH from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Citigroup increased their price target on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Finally, TheStreet lowered CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research report on Wednesday, October 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.67.

In other CROWN CASTLE In/SH SH news, Director Langenfeld Cynthia K. Christy bought 900 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were acquired at an average price of $106.19 per share, with a total value of $95,571.00. Following the transaction, the director now owns 25,424 shares of the company’s stock, valued at $2,699,774.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total value of $279,315.96. Following the transaction, the director now directly owns 23,100 shares in the company, valued at approximately $2,632,476. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Shares of NYSE CCI opened at $110.87 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.33. CROWN CASTLE In/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $114.81. The stock has a market cap of $45.92 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.36 and a beta of 0.35.

CROWN CASTLE In/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the company earned $0.21 EPS. The business’s quarterly revenue was up 29.4% on a year-over-year basis. Equities analysts forecast that CROWN CASTLE In/SH SH will post 5.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is 86.60%.

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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 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.

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

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