Chicago Partners Investment Group LLC Has $6.83 Million Holdings in CROWN CASTLE In/SH SH (CCI)

Chicago Partners Investment Group LLC lifted its position in CROWN CASTLE In/SH SH (NYSE:CCI) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 64,437 shares of the real estate investment trust’s stock after purchasing an additional 3,266 shares during the quarter. CROWN CASTLE In/SH SH accounts for approximately 1.0% of Chicago Partners Investment Group LLC’s holdings, making the stock its 25th biggest holding. Chicago Partners Investment Group LLC’s holdings in CROWN CASTLE In/SH SH were worth $6,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCI. Commonwealth Bank of Australia lifted its position in CROWN CASTLE In/SH SH by 1,321.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,760,722 shares of the real estate investment trust’s stock worth $282,092,000 after buying an additional 2,566,570 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CROWN CASTLE In/SH SH by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,399,446 shares of the real estate investment trust’s stock worth $582,167,000 after buying an additional 844,554 shares in the last quarter. Principal Financial Group Inc. lifted its position in CROWN CASTLE In/SH SH by 19.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock worth $255,547,000 after buying an additional 382,362 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in CROWN CASTLE In/SH SH by 977.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 394,938 shares of the real estate investment trust’s stock worth $42,582,000 after buying an additional 358,300 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in CROWN CASTLE In/SH SH by 13.2% during the 3rd quarter. Wells Fargo & Company MN now owns 2,901,049 shares of the real estate investment trust’s stock worth $322,974,000 after buying an additional 338,585 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

CROWN CASTLE In/SH SH stock opened at $111.73 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97. The stock has a market cap of $46.14 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. CROWN CASTLE In/SH SH had a net margin of 10.07% and a return on equity of 4.22%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue was up 29.4% compared to the same quarter last year. On average, analysts forecast that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $1.125 per share. The ex-dividend date is Thursday, December 13th. This is an increase from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 dividend on an annualized basis and a yield of 4.03%. CROWN CASTLE In/SH SH’s dividend payout ratio is presently 86.60%.

In other CROWN CASTLE In/SH SH news, Director Robert E. Garrison II sold 2,451 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now directly owns 23,100 shares in the company, valued at approximately $2,632,476. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Langenfeld Cynthia K. Christy bought 900 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average price of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the transaction, the director now owns 25,424 shares in the company, valued at approximately $2,699,774.56. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.

CCI has been the topic of several research reports. Barclays upped their price target on shares of CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Cowen reiterated a “buy” rating and set a $121.00 price target on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. TheStreet downgraded shares of CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research report on Wednesday, October 17th. Finally, UBS Group set a $120.00 price target on shares of CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a research report on Friday, September 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $117.67.

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CROWN CASTLE In/SH SH Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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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