Acadian Asset Management LLC Has $394,000 Position in CROWN CASTLE IN/SH SH (NYSE:CCI)

Acadian Asset Management LLC increased its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 197.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,078 shares of the real estate investment trust’s stock after buying an additional 2,044 shares during the period. Acadian Asset Management LLC’s holdings in CROWN CASTLE IN/SH SH were worth $394,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Truewealth LLC grew its holdings in 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 acquiring an additional 83 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in 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 acquiring an additional 84 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in 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 acquiring an additional 85 shares in the last quarter. RB Capital Management LLC grew its holdings in CROWN CASTLE IN/SH SH by 1.0% during the 1st quarter. RB Capital Management LLC now owns 9,000 shares of the real estate investment trust’s stock worth $1,152,000 after acquiring an additional 90 shares in the last quarter. Finally, National Asset Management Inc. grew its holdings in CROWN CASTLE IN/SH SH by 2.5% during the 1st quarter. National Asset Management Inc. now owns 3,673 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 91 shares in the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CCI opened at $132.55 on Friday. CROWN CASTLE IN/SH SH has a one year low of $99.99 and a one year high of $137.31. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $56.16 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.57 and a beta of 0.34.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts forecast that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.125 dividend. This represents a $4.50 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, June 13th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

Several research analysts have weighed in on the stock. New Street Research lowered 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 report on Thursday. Morgan Stanley raised 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 report on Monday, May 20th. Wells Fargo & Co raised their price objective on shares of CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. UBS Group lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective for the company. in a report on Thursday, April 11th. Finally, Guggenheim lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a report on Friday, April 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. CROWN CASTLE IN/SH SH presently has a consensus rating of “Hold” and a consensus target price of $122.46.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin purchased 18,350 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average cost of $123.13 per share, with a total value of $2,259,435.50. Following the acquisition, the director now owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Sean Collins sold 1,200 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the completion of the transaction, the vice president now directly owns 1,616 shares of the company’s stock, valued at $202,307.04. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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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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