Dimensional Fund Advisors LP Boosts Stake in CROWN CASTLE In/SH SH (CCI)

Dimensional Fund Advisors LP lifted its position in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 10.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,983,955 shares of the real estate investment trust’s stock after acquiring an additional 584,509 shares during the period. Dimensional Fund Advisors LP’s holdings in CROWN CASTLE In/SH SH were worth $666,172,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co raised its stake in CROWN CASTLE In/SH SH by 18.9% in the third quarter. Meiji Yasuda Life Insurance Co now owns 27,029 shares of the real estate investment trust’s stock valued at $3,009,000 after purchasing an additional 4,300 shares in the last quarter. Quantbot Technologies LP acquired a new position in CROWN CASTLE In/SH SH in the third quarter valued at about $6,741,000. Pictet Asset Management Ltd. raised its stake in CROWN CASTLE In/SH SH by 4.9% in the third quarter. Pictet Asset Management Ltd. now owns 414,393 shares of the real estate investment trust’s stock valued at $46,134,000 after purchasing an additional 19,349 shares in the last quarter. Independent Advisor Alliance raised its stake in CROWN CASTLE In/SH SH by 151.9% in the third quarter. Independent Advisor Alliance now owns 6,165 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Boston Private Wealth LLC acquired a new position in CROWN CASTLE In/SH SH in the third quarter valued at about $217,000. 95.29% of the stock is owned by institutional investors.

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

CROWN CASTLE In/SH SH stock opened at $107.96 on Monday. CROWN CASTLE In/SH SH has a 12-month low of $98.85 and a 12-month high of $114.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.33 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 the Zacks’ consensus estimate of $0.27 by $0.06. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. As a group, equities analysts anticipate that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current fiscal 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 $1.125 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, December 13th. This is a boost from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s payout ratio is currently 86.60%.

A number of research firms recently commented on CCI. Morgan Stanley boosted their price target on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, August 16th. ValuEngine downgraded CROWN CASTLE In/SH SH from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. UBS Group set a $120.00 price target on CROWN CASTLE In/SH SH and gave the company a “buy” rating in a research note on Friday, September 28th. Barclays boosted their price target on CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. Finally, TheStreet downgraded CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a research note on Wednesday, October 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. CROWN CASTLE In/SH SH currently 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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