CROWN CASTLE In/SH SH (CCI) Shares Bought by DNB Asset Management AS

DNB Asset Management AS lifted its stake in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,568 shares of the real estate investment trust’s stock after acquiring an additional 2,420 shares during the quarter. DNB Asset Management AS’s holdings in CROWN CASTLE In/SH SH were worth $5,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CCI. Principal Financial Group Inc. increased its position in shares of CROWN CASTLE In/SH SH by 19.6% during the first quarter. Principal Financial Group Inc. now owns 2,331,425 shares of the real estate investment trust’s stock worth $255,547,000 after acquiring an additional 382,362 shares during the period. Commonwealth Equity Services LLC increased its position in shares of CROWN CASTLE In/SH SH by 15.8% during the first quarter. Commonwealth Equity Services LLC now owns 40,984 shares of the real estate investment trust’s stock worth $4,492,000 after acquiring an additional 5,584 shares during the period. United Capital Financial Advisers LLC increased its position in shares of CROWN CASTLE In/SH SH by 822.1% during the first quarter. United Capital Financial Advisers LLC now owns 115,634 shares of the real estate investment trust’s stock worth $12,675,000 after acquiring an additional 103,094 shares during the period. Natixis increased its position in shares of CROWN CASTLE In/SH SH by 1,063.5% during the first quarter. Natixis now owns 149,050 shares of the real estate investment trust’s stock worth $16,337,000 after acquiring an additional 136,240 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of CROWN CASTLE In/SH SH by 7.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,736 shares of the real estate investment trust’s stock worth $4,355,000 after acquiring an additional 2,605 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of CCI stock opened at $104.95 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $46.18 billion, a P/E ratio of 21.70, a PEG ratio of 1.69 and a beta of 0.35. CROWN CASTLE In/SH SH has a 12 month low of $98.85 and a 12 month high of $114.97.

CROWN CASTLE In/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.91). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. CROWN CASTLE In/SH SH had a return on equity of 4.20% and a net margin of 9.72%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.00%. CROWN CASTLE In/SH SH’s payout ratio is currently 86.60%.

In related news, Director Robert E. Garrison II sold 2,451 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the completion of the transaction, the director now owns 23,100 shares in the company, valued at $2,632,476. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director J Landis Martin bought 6,100 shares of the stock in a transaction that occurred on 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 purchase, the director now owns 107,822 shares of the company’s stock, valued at approximately $11,875,515.08. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

A number of analysts have recently weighed in on CCI shares. Guggenheim reaffirmed a “buy” rating and set a $120.00 price objective on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. Cowen reaffirmed a “buy” rating and set a $121.00 price objective on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. Zacks Investment Research raised CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Thursday, July 19th. UBS Group set a $120.00 price objective on CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a research report on Friday, September 28th. Finally, Citigroup upped their price objective on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $117.45.

About CROWN CASTLE In/SH SH

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.

Read More: Risk Tolerance and Your Investment Decisions

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

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