CROWN CASTLE In/SH SH (CCI) Holdings Reduced by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lessened its stake in CROWN CASTLE In/SH SH (NYSE:CCI) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,939 shares of the real estate investment trust’s stock after selling 3,692 shares during the quarter. CROWN CASTLE In/SH SH makes up about 1.2% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s portfolio, making the stock its 26th biggest holding. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in CROWN CASTLE In/SH SH were worth $7,325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Magellan Asset Management Ltd increased its holdings in CROWN CASTLE In/SH SH by 0.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 12,710,313 shares of the real estate investment trust’s stock worth $1,370,426,000 after acquiring an additional 53,501 shares in the last quarter. Janus Henderson Group PLC increased its holdings in CROWN CASTLE In/SH SH by 2.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,607,141 shares of the real estate investment trust’s stock worth $712,416,000 after acquiring an additional 155,279 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CROWN CASTLE In/SH SH by 18.5% in 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 acquiring an additional 844,554 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in CROWN CASTLE In/SH SH by 2.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,511,837 shares of the real estate investment trust’s stock worth $486,466,000 after acquiring an additional 90,484 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in CROWN CASTLE In/SH SH by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 2,798,217 shares of the real estate investment trust’s stock worth $301,704,000 after acquiring an additional 77,414 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

Shares of CROWN CASTLE In/SH SH stock traded up $0.42 during trading hours on Friday, reaching $108.74. 1,232,122 shares of the company’s stock were exchanged, compared to its average volume of 2,485,999. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97. The firm has a market capitalization of $46.18 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.69 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.26.

CROWN CASTLE In/SH SH (NYSE:CCI) last released its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.91). CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 9.72%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.31 EPS. CROWN CASTLE In/SH SH’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, research analysts anticipate that CROWN CASTLE In/SH SH will post 5.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $1.05 per share. The ex-dividend date was Thursday, September 13th. This represents a $4.20 annualized dividend and a dividend yield of 3.86%. CROWN CASTLE In/SH SH’s payout ratio is 86.60%.

Several brokerages recently commented on CCI. Citigroup boosted their price target on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Zacks Investment Research lowered shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Guggenheim reissued a “buy” rating and issued a $120.00 price target on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. 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 report on Friday, September 28th. Finally, Morgan Stanley upped their target price on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. CROWN CASTLE In/SH SH has a consensus rating of “Buy” and a consensus price target of $117.45.

In other news, Director J Landis Martin purchased 6,100 shares of the stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $110.14 per share, with a total value of $671,854.00. Following the transaction, the director now owns 107,822 shares in the company, valued at approximately $11,875,515.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

CROWN CASTLE In/SH SH Company 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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