MADDEN SECURITIES Corp bought a new position in CROWN CASTLE IN/SH SH (NYSE:CCI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,335 shares of the real estate investment trust’s stock, valued at approximately $2,064,000. CROWN CASTLE IN/SH SH makes up approximately 1.8% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 12th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of CROWN CASTLE IN/SH SH by 6.0% in the fourth quarter. Janus Henderson Group PLC now owns 9,422,387 shares of the real estate investment trust’s stock worth $1,339,368,000 after purchasing an additional 534,010 shares in the last quarter. Deutsche Bank AG grew its stake in CROWN CASTLE IN/SH SH by 6.7% during the first quarter. Deutsche Bank AG now owns 6,798,287 shares of the real estate investment trust’s stock valued at $981,675,000 after acquiring an additional 424,601 shares in the last quarter. Geode Capital Management LLC grew its stake in CROWN CASTLE IN/SH SH by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 6,077,065 shares of the real estate investment trust’s stock valued at $862,179,000 after acquiring an additional 331,385 shares in the last quarter. Legal & General Group Plc grew its stake in CROWN CASTLE IN/SH SH by 0.8% during the first quarter. Legal & General Group Plc now owns 3,846,071 shares of the real estate investment trust’s stock valued at $555,335,000 after acquiring an additional 30,858 shares in the last quarter. Finally, Norges Bank purchased a new position in CROWN CASTLE IN/SH SH during the fourth quarter valued at approximately $537,278,000. Hedge funds and other institutional investors own 90.90% of the company’s stock.

In related news, COO James D. Young sold 6,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were 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 directly owns 198,679 shares in the company, valued at approximately $33,378,072. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Sean Collins sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $174.09, for a total transaction of $348,180.00. Following the sale, the vice president now owns 5,634 shares of the company’s stock, valued at $980,823.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,000 shares of company stock valued at $2,125,480. Company insiders own 0.47% of the company’s stock.

Shares of CCI traded up $2.44 during mid-day trading on Tuesday, reaching $169.35. The company’s stock had a trading volume of 2,533,820 shares, compared to its average volume of 2,389,314. The stock has a market cap of $69.56 billion, a PE ratio of 87.39, a P/E/G ratio of 1.41 and a beta of 0.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 2.30. CROWN CASTLE IN/SH SH has a 52 week low of $114.18 and a 52 week high of $180.00. The company’s fifty day moving average price is $168.05 and its two-hundred day moving average price is $155.61.

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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.11). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. CROWN CASTLE IN/SH SH had a return on equity of 8.39% and a net margin of 15.59%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.83%. CROWN CASTLE IN/SH SH’s payout ratio is 84.36%.

Several equities analysts recently commented on CCI shares. 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 for the company in a research note on Friday, May 22nd. Wells Fargo & Co boosted their price objective on shares of CROWN CASTLE IN/SH SH from $185.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley boosted their price objective on shares of CROWN CASTLE IN/SH SH from $177.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Credit Suisse Group began coverage on shares of CROWN CASTLE IN/SH SH in a research note on Tuesday, April 28th. They set a “neutral” rating and a $149.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating on shares of CROWN CASTLE IN/SH SH in a research note on Thursday, May 7th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. CROWN CASTLE IN/SH SH presently has an average rating of “Buy” and an average target price of $163.75.

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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