US Bancorp DE Has $9.54 Million Position in CROWN CASTLE In/SH SH (CCI)

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US Bancorp DE cut its position in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,041 shares of the real estate investment trust’s stock after selling 1,769 shares during the quarter. US Bancorp DE’s holdings in CROWN CASTLE In/SH SH were worth $9,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Counselors Inc. lifted its stake in shares of CROWN CASTLE In/SH SH by 4.8% in the fourth quarter. Financial Counselors Inc. now owns 80,326 shares of the real estate investment trust’s stock valued at $8,917,000 after buying an additional 3,697 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of CROWN CASTLE In/SH SH by 4.4% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 28,797 shares of the real estate investment trust’s stock valued at $3,197,000 after purchasing an additional 1,206 shares in the last quarter. Virtus Fund Advisers LLC lifted its position in shares of CROWN CASTLE In/SH SH by 116.0% during the fourth quarter. Virtus Fund Advisers LLC now owns 590,283 shares of the real estate investment trust’s stock valued at $65,527,000 after purchasing an additional 316,952 shares in the last quarter. Shell Asset Management Co. bought a new position in shares of CROWN CASTLE In/SH SH during the fourth quarter valued at about $6,467,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of CROWN CASTLE In/SH SH by 2.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,368,110 shares of the real estate investment trust’s stock valued at $151,874,000 after purchasing an additional 27,784 shares in the last quarter. Institutional investors own 94.54% of the company’s stock.

CCI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, March 27th. Goldman Sachs Group downgraded shares of CROWN CASTLE In/SH SH from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, March 13th. ValuEngine downgraded shares of CROWN CASTLE In/SH SH from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Barclays raised their price objective on shares of CROWN CASTLE In/SH SH from $107.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 17th. Finally, Morgan Stanley reduced their target price on shares of CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, May 31st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CROWN CASTLE In/SH SH has a consensus rating of “Buy” and an average price target of $114.85.

In other CROWN CASTLE In/SH SH news, Director Anthony J. Melone bought 1,979 shares of CROWN CASTLE In/SH SH stock in a transaction dated Friday, April 27th. The shares were purchased at an average cost of $101.06 per share, with a total value of $199,997.74. Following the transaction, the director now directly owns 10,547 shares of the company’s stock, valued at $1,065,879.82. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

Shares of CCI traded down $3.61 during mid-day trading on Wednesday, reaching $101.07. The company’s stock had a trading volume of 2,606,081 shares, compared to its average volume of 2,799,228. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.90. CROWN CASTLE In/SH SH has a 52 week low of $93.14 and a 52 week high of $114.97. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.27 and a beta of 0.31.

CROWN CASTLE In/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.98). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. CROWN CASTLE In/SH SH had a return on equity of 4.06% and a net margin of 8.87%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. equities research analysts predict that CROWN CASTLE In/SH SH will post 5.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, June 14th. CROWN CASTLE In/SH SH’s payout ratio is currently 86.60%.

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.

Institutional Ownership by Quarter for CROWN CASTLE In/SH SH (NYSE:CCI)

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