IBM Retirement Fund cut its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,724 shares of the real estate investment trust’s stock after selling 91 shares during the quarter. IBM Retirement Fund’s holdings in CROWN CASTLE IN/SH SH were worth $1,627,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. John W. Brooker & Co. CPAs bought a new stake in CROWN CASTLE IN/SH SH in the 1st quarter valued at about $27,000. Truvestments Capital LLC bought a new stake in shares of CROWN CASTLE IN/SH SH during the 1st quarter worth about $28,000. Center for Financial Planning Inc. raised its position in shares of CROWN CASTLE IN/SH SH by 213.1% during the 1st quarter. Center for Financial Planning Inc. now owns 191 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 130 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of CROWN CASTLE IN/SH SH during the 4th quarter worth about $32,000. Finally, Tradewinds Capital Management LLC raised its position in shares of CROWN CASTLE IN/SH SH by 126.5% during the 1st quarter. Tradewinds Capital Management LLC now owns 231 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

Shares of CROWN CASTLE IN/SH SH stock traded down $0.10 during trading on Wednesday, hitting $171.41. The stock had a trading volume of 2,267,958 shares, compared to its average volume of 2,263,406. The stock has a 50 day simple moving average of $165.96 and a 200 day simple moving average of $154.68. The company has a market capitalization of $71.48 billion, a PE ratio of 89.74, a P/E/G ratio of 1.43 and a beta of 0.35. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 2.30. CROWN CASTLE IN/SH SH has a 1 year low of $114.18 and a 1 year high of $180.00.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.11). CROWN CASTLE IN/SH SH had a net margin of 15.59% and a return on equity of 8.39%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that CROWN CASTLE IN/SH SH will post 5.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, June 11th. CROWN CASTLE IN/SH SH’s payout ratio is presently 84.36%.

In other news, VP Robert Sean Collins sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $174.09, for a total value of $348,180.00. Following the completion of the sale, the vice president now directly owns 5,634 shares in the company, valued at $980,823.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James D. Young sold 6,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $168.00, for a total transaction of $1,008,000.00. Following the completion of the sale, the chief operating officer now owns 198,679 shares of the company’s stock, valued at $33,378,072. The disclosure for this sale can be found here. Insiders have sold 13,000 shares of company stock worth $2,125,480 over the last ninety days. 0.47% of the stock is currently owned by insiders.

A number of analysts have commented on CCI shares. Credit Suisse Group started coverage on shares of CROWN CASTLE IN/SH SH in a research report on Tuesday, April 28th. They set a “neutral” rating and a $149.00 price target on the stock. New Street Research raised shares of CROWN CASTLE IN/SH SH from a “reduce” rating to a “neutral” rating in a research note on Thursday, March 12th. Deutsche Bank initiated coverage on shares of CROWN CASTLE IN/SH SH in a research note on Friday, June 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Wells Fargo & Co lifted their price objective on shares of CROWN CASTLE IN/SH SH from $172.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Finally, Oppenheimer raised shares of CROWN CASTLE IN/SH SH from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Friday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.50.

About CROWN CASTLE IN/SH SH

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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