Nvwm LLC Takes Position in CROWN CASTLE IN/SH SH (NYSE:CCI)

Nvwm LLC acquired a new stake in CROWN CASTLE IN/SH SH (NYSE:CCI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 705 shares of the real estate investment trust’s stock, valued at approximately $102,000.

Several other institutional investors have also bought and sold shares of the company. Quadrant Private Wealth Management LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH in the first quarter valued at approximately $369,000. Commerce Bank boosted its stake in CROWN CASTLE IN/SH SH by 3.9% during the first quarter. Commerce Bank now owns 428,558 shares of the real estate investment trust’s stock worth $61,884,000 after buying an additional 16,092 shares during the last quarter. WCM Investment Management LLC boosted its stake in CROWN CASTLE IN/SH SH by 4.5% during the first quarter. WCM Investment Management LLC now owns 1,190,140 shares of the real estate investment trust’s stock worth $171,856,000 after buying an additional 50,881 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in CROWN CASTLE IN/SH SH by 23.8% during the first quarter. ETRADE Capital Management LLC now owns 5,542 shares of the real estate investment trust’s stock worth $800,000 after buying an additional 1,064 shares during the last quarter. Finally, Bank of The West boosted its stake in CROWN CASTLE IN/SH SH by 6.3% during the first quarter. Bank of The West now owns 4,764 shares of the real estate investment trust’s stock worth $688,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Shares of CCI stock traded up $2.93 on Friday, hitting $153.76. The stock had a trading volume of 25,057 shares, compared to its average volume of 1,985,297. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $63.50 billion, a P/E ratio of 78.97, a P/E/G ratio of 1.25 and a beta of 0.34. CROWN CASTLE IN/SH SH has a 1 year low of $114.18 and a 1 year high of $168.75. The company’s 50 day moving average price is $156.68 and its 200-day moving average price is $146.96.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.11). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. CROWN CASTLE IN/SH SH had a net margin of 15.59% and a return on equity of 8.39%. CROWN CASTLE IN/SH SH’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts forecast that CROWN CASTLE IN/SH SH will post 5.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, June 11th. This represents a $4.80 annualized dividend and a yield of 3.12%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 84.36%.

In other CROWN CASTLE IN/SH SH news, EVP Michael Joseph Kavanagh sold 5,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $153.86, for a total transaction of $769,300.00. Following the sale, the executive vice president now owns 47,767 shares in the company, valued at approximately $7,349,430.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

CCI has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on CROWN CASTLE IN/SH SH in a research note on Tuesday, April 28th. They set a “neutral” rating and a $149.00 price objective on the stock. Raymond James reissued a “hold” rating on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday, February 12th. Citigroup upped their price target on CROWN CASTLE IN/SH SH from $147.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price target on CROWN CASTLE IN/SH SH from $152.00 to $177.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of CROWN CASTLE IN/SH SH in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $156.08.

CROWN CASTLE IN/SH SH Profile

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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