Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of CROWN CASTLE In/SH SH (NYSE:CCI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,974 shares of the real estate investment trust’s stock, valued at approximately $860,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kaizen Advisory LLC increased its holdings in CROWN CASTLE In/SH SH by 142.5% in the 2nd quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 553 shares during the last quarter. Signaturefd LLC acquired a new stake in CROWN CASTLE In/SH SH in the 1st quarter valued at approximately $134,000. McKinley Carter Wealth Services Inc. acquired a new stake in CROWN CASTLE In/SH SH in the 1st quarter valued at approximately $137,000. TLP Group LLC acquired a new stake in CROWN CASTLE In/SH SH in the 1st quarter valued at approximately $200,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in CROWN CASTLE In/SH SH in the 2nd quarter valued at approximately $201,000. 94.66% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CCI opened at $114.26 on Tuesday. The firm has a market capitalization of $45.77 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.67 and a beta of 0.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.91 and a quick ratio of 0.91. CROWN CASTLE In/SH SH has a 52 week low of $98.85 and a 52 week high of $114.97.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.91). The business had revenue of $1.33 billion during 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 was up 28.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. sell-side analysts anticipate that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $1.05 dividend. The ex-dividend date is Thursday, September 13th. This represents a $4.20 annualized dividend and a dividend yield of 3.68%. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is 86.60%.

Several analysts recently weighed in on the stock. Citigroup lifted their target price on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Guggenheim reiterated a “buy” rating and issued a $120.00 target price on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Morgan Stanley lifted their target price on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, August 16th. Finally, Cowen reiterated a “buy” rating and issued a $121.00 target price on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.08.

In other news, Director J Landis Martin bought 6,100 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $110.14 per share, for a total transaction of $671,854.00. Following the completion of the purchase, the director now owns 107,822 shares in the company, valued at approximately $11,875,515.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

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.

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

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