Lakeview Capital Partners LLC lowered its stake in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 14.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,048 shares of the real estate investment trust’s stock after selling 500 shares during the period. Lakeview Capital Partners LLC’s holdings in CROWN CASTLE IN/SH SH were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its stake in shares of CROWN CASTLE IN/SH SH by 7.6% during the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after acquiring an additional 3,771,236 shares in the last quarter. Strs Ohio lifted its position in CROWN CASTLE IN/SH SH by 0.8% during the 4th quarter. Strs Ohio now owns 227,726 shares of the real estate investment trust’s stock worth $24,737,000 after acquiring an additional 1,715 shares during the last quarter. Payden & Rygel lifted its position in CROWN CASTLE IN/SH SH by 1.8% during the 4th quarter. Payden & Rygel now owns 123,180 shares of the real estate investment trust’s stock worth $13,381,000 after acquiring an additional 2,200 shares during the last quarter. RMR Advisors LLC bought a new position in shares of CROWN CASTLE IN/SH SH during the 4th quarter worth about $1,086,000. Finally, CWM LLC increased its holdings in shares of CROWN CASTLE IN/SH SH by 40.6% during the 4th quarter. CWM LLC now owns 1,012 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 292 shares during the period. 92.27% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now directly owns 38,471 shares in the company, valued at $4,618,828.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Sean Collins sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $125.19, for a total transaction of $150,228.00. Following the transaction, the vice president now owns 1,616 shares in the company, valued at $202,307.04. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on CCI. Bank of America upped their price objective on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Deutsche Bank cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a research note on Monday, March 18th. They noted that the move was a valuation call. Guggenheim cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research note on Friday, April 12th. They noted that the move was a valuation call. UBS Group cut shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research note on Thursday, April 11th. Finally, Macquarie cut shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 12th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CROWN CASTLE IN/SH SH currently has a consensus rating of “Hold” and an average target price of $123.25.

CROWN CASTLE IN/SH SH stock traded up $0.14 during trading hours on Friday, hitting $127.83. 2,022,884 shares of the stock were exchanged, compared to its average volume of 1,856,596. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $53.14 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.44 and a beta of 0.40. CROWN CASTLE IN/SH SH has a 12 month low of $99.99 and a 12 month high of $130.60.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.125 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.52%. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

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CROWN CASTLE IN/SH SH Company 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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