Orion Portfolio Solutions LLC acquired a new stake in CROWN CASTLE IN/SH SH (NYSE:CCI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 622 shares of the real estate investment trust’s stock, valued at approximately $88,000.

A number of other institutional investors have also modified their holdings of CCI. Pacifica Partners Inc. acquired a new stake in shares of CROWN CASTLE IN/SH SH during the 4th quarter worth $26,000. Sugarloaf Wealth Management LLC bought a new position in CROWN CASTLE IN/SH SH during the 4th quarter worth approximately $30,000. Ancora Advisors LLC purchased a new position in CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $32,000. Cedar Mountain Advisors LLC purchased a new position in CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $41,000. Finally, HBC Financial Services PLLC purchased a new position in CROWN CASTLE IN/SH SH in the 4th quarter worth approximately $42,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CCI traded up $14.51 during mid-day trading on Thursday, reaching $142.47. 4,092,442 shares of the company traded hands, compared to its average volume of 2,498,168. The company’s 50 day moving average price is $153.02 and its 200-day moving average price is $142.78. The firm has a market cap of $51.56 billion, a PE ratio of 72.32, a PEG ratio of 1.36 and a beta of 0.35. CROWN CASTLE IN/SH SH has a 52 week low of $114.18 and a 52 week high of $168.75. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.63 and a quick ratio of 0.63.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.05). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. CROWN CASTLE IN/SH SH had a net margin of 16.01% and a return on equity of 8.30%. During the same period in the prior year, the firm earned $0.44 EPS. On average, research analysts predict that CROWN CASTLE IN/SH SH will post 5.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, March 12th. This represents a $4.80 annualized dividend and a yield of 3.37%. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 84.36%.

A number of analysts have recently weighed in on CCI shares. SunTrust Banks increased their price objective on CROWN CASTLE IN/SH SH from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. New Street Research raised CROWN CASTLE IN/SH SH from a “reduce” rating to a “neutral” rating in a research report on Thursday, March 12th. UBS Group boosted their target price on CROWN CASTLE IN/SH SH from $137.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Zacks Investment Research raised CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Wednesday, November 27th. Finally, Citigroup boosted their price objective on CROWN CASTLE IN/SH SH from $147.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $152.10.

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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