K.J. Harrison & Partners Inc increased its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 83.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the real estate investment trust’s stock after buying an additional 15,000 shares during the quarter. CROWN CASTLE IN/SH SH comprises approximately 1.4% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 18th biggest position. K.J. Harrison & Partners Inc’s holdings in CROWN CASTLE IN/SH SH were worth $4,302,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCI. Commonwealth Bank of Australia grew its position in CROWN CASTLE IN/SH SH by 31.4% during the first quarter. Commonwealth Bank of Australia now owns 2,174,349 shares of the real estate investment trust’s stock worth $278,303,000 after buying an additional 519,210 shares in the last quarter. Argent Capital Management LLC acquired a new stake in CROWN CASTLE IN/SH SH during the first quarter worth approximately $51,756,000. California Public Employees Retirement System lifted its stake in CROWN CASTLE IN/SH SH by 18.8% during the first quarter. California Public Employees Retirement System now owns 2,460,798 shares of the real estate investment trust’s stock worth $314,982,000 after purchasing an additional 388,843 shares during the last quarter. Geode Capital Management LLC lifted its stake in CROWN CASTLE IN/SH SH by 8.2% during 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 last quarter. Finally, Jennison Associates LLC lifted its stake in CROWN CASTLE IN/SH SH by 7.3% during 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 last quarter. 91.39% of the stock is currently owned by institutional investors and hedge funds.

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

CCI has been the subject of several recent analyst reports. Bank of America restated a “buy” rating and set a $151.00 target price (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday, August 14th. Morgan Stanley upped their target price on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. upgraded CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $125.00 to $150.00 in a research note on Thursday, August 1st. Finally, New Street Research cut CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $128.50.

Shares of CCI traded up $1.19 during trading hours on Monday, reaching $144.11. The stock had a trading volume of 19,195 shares, compared to its average volume of 2,001,031. CROWN CASTLE IN/SH SH has a 12 month low of $103.21 and a 12 month high of $143.59. The stock has a market capitalization of $59.21 billion, a PE ratio of 26.29, a PEG ratio of 1.63 and a beta of 0.33. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.76. The company’s 50-day moving average is $133.65 and its two-hundred day moving average is $127.66.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 3.12%. The ex-dividend date is Thursday, September 12th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

CROWN CASTLE IN/SH SH 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.

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

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