SPC Financial Inc. boosted its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,873 shares of the real estate investment trust’s stock after purchasing an additional 133 shares during the quarter. SPC Financial Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $244,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in CROWN CASTLE IN/SH SH by 2.7% in the first quarter. Janus Henderson Group PLC now owns 9,036,753 shares of the real estate investment trust’s stock worth $1,156,691,000 after purchasing an additional 233,519 shares during the period. Dimensional Fund Advisors LP grew its holdings in CROWN CASTLE IN/SH SH by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock worth $665,173,000 after purchasing an additional 139,365 shares during the period. Northern Trust Corp grew its holdings in CROWN CASTLE IN/SH SH by 1.5% in the first quarter. Northern Trust Corp now owns 5,578,344 shares of the real estate investment trust’s stock worth $714,027,000 after purchasing an additional 81,479 shares during the period. Geode Capital Management LLC grew its holdings in CROWN CASTLE IN/SH SH by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 4,929,209 shares of the real estate investment trust’s stock worth $534,436,000 after purchasing an additional 372,285 shares during the period. Finally, Jennison Associates LLC grew its holdings in CROWN CASTLE IN/SH SH by 7.3% in the first quarter. Jennison Associates LLC now owns 4,904,370 shares of the real estate investment trust’s stock worth $627,759,000 after purchasing an additional 332,614 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Shares of CROWN CASTLE IN/SH SH stock traded up $2.45 during trading hours on Thursday, reaching $141.39. The company’s stock had a trading volume of 41,211 shares, compared to its average volume of 2,182,189. CROWN CASTLE IN/SH SH has a one year low of $103.21 and a one year high of $142.24. The stock has a market cap of $57.97 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.62 and a beta of 0.33. The business has a fifty day simple moving average of $133.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.99.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 82.12%.

In other news, Director J Landis Martin purchased 16,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the transaction, the director now directly owns 130,617 shares of the company’s stock, valued at $16,631,462.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Sean Collins sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the transaction, the vice president now directly owns 1,616 shares in the company, valued at $202,307.04. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

A number of research firms have commented on CCI. Morgan Stanley raised their price target on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. New Street Research cut shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a report on Thursday, June 13th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $150.00 in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $128.50.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 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.

Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE IN/SH SH (NYSE:CCI).

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

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.