CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Bought by Natixis

Natixis raised its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 126.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,429 shares of the real estate investment trust’s stock after buying an additional 55,012 shares during the quarter. Natixis’ holdings in CROWN CASTLE IN/SH SH were worth $12,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Magellan Asset Management Ltd lifted its position in CROWN CASTLE IN/SH SH by 0.8% during the 2nd quarter. Magellan Asset Management Ltd now owns 12,357,664 shares of the real estate investment trust’s stock worth $1,610,822,000 after acquiring an additional 99,687 shares during the period. Northern Trust Corp increased its holdings in shares of CROWN CASTLE IN/SH SH by 0.9% in the second quarter. Northern Trust Corp now owns 5,629,253 shares of the real estate investment trust’s stock valued at $733,773,000 after purchasing an additional 50,909 shares during the period. Geode Capital Management LLC raised its stake in shares of CROWN CASTLE IN/SH SH by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 4,929,209 shares of the real estate investment trust’s stock worth $534,436,000 after purchasing an additional 372,285 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CROWN CASTLE IN/SH SH by 7.3% in the first quarter. Jennison Associates LLC now owns 4,904,370 shares of the real estate investment trust’s stock worth $627,759,000 after purchasing an additional 332,614 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of CROWN CASTLE IN/SH SH by 31.4% in the first quarter. Commonwealth Bank of Australia now owns 2,174,349 shares of the real estate investment trust’s stock worth $278,303,000 after purchasing an additional 519,210 shares during the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

CROWN CASTLE IN/SH SH stock traded down $0.88 during midday trading on Wednesday, hitting $138.44. 95,568 shares of the company were exchanged, compared to its average volume of 1,344,700. The business has a fifty day simple moving average of $140.59 and a two-hundred day simple moving average of $130.90. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $57.92 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.27. CROWN CASTLE IN/SH SH has a fifty-two week low of $103.21 and a fifty-two week high of $149.47.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 82.12%.

In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $143.34, for a total value of $143,340.00. Following the completion of the transaction, the vice president now owns 616 shares in the company, valued at $88,297.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Landis Martin bought 16,300 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were purchased at an average cost of $127.33 per share, for a total transaction of $2,075,479.00. Following the completion of the purchase, the director now owns 130,617 shares in the company, valued at $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is owned by insiders.

A number of brokerages recently commented on CCI. Morgan Stanley upped their target price on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Bank of America reissued a “buy” rating and set a $151.00 price target (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. New Street Research cut shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research note on Thursday, June 13th. Citigroup decreased their price objective on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. raised shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $125.00 to $150.00 in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $129.36.

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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