Swiss National Bank Sells 43,000 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

Swiss National Bank lessened its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,855,249 shares of the real estate investment trust’s stock after selling 43,000 shares during the period. Swiss National Bank’s holdings in CROWN CASTLE IN/SH SH were worth $241,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truewealth LLC boosted its holdings in shares of CROWN CASTLE IN/SH SH by 48.0% during the 1st quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 83 shares during the period. Strategic Investment Advisors MI boosted its holdings in shares of CROWN CASTLE IN/SH SH by 2.4% during the 1st quarter. Strategic Investment Advisors MI now owns 3,518 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 84 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of CROWN CASTLE IN/SH SH by 11.4% during the 2nd quarter. Lindbrook Capital LLC now owns 821 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 84 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of CROWN CASTLE IN/SH SH by 3.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,621 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 85 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of CROWN CASTLE IN/SH SH by 4.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,972 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 88 shares during the period. 91.28% of the stock is owned by institutional investors.

Several analysts have weighed in on CCI shares. Morgan Stanley lifted their price objective on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. upgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $125.00 to $150.00 in a research note on Thursday, August 1st. Bank of America reiterated a “buy” rating and issued a $151.00 price objective (up previously from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $128.50.

CROWN CASTLE IN/SH SH stock traded up $0.31 during midday trading on Friday, hitting $142.72. The company’s stock had a trading volume of 33,918 shares, compared to its average volume of 2,210,476. CROWN CASTLE IN/SH SH has a 1-year low of $103.21 and a 1-year high of $142.81. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50-day moving average price of $133.41 and a two-hundred day moving average price of $127.58. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.62 and a beta of 0.33.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.36 EPS. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.125 dividend. This represents a $4.50 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, September 12th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 82.12%.

In other news, VP Robert Sean Collins sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the transaction, the vice president now directly owns 1,616 shares in the company, valued at approximately $202,307.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Landis Martin bought 16,300 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the transaction, the director now directly owns 130,617 shares in the company, valued at approximately $16,631,462.61. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by insiders.

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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