Amalgamated Bank trimmed its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 58,500 shares of the real estate investment trust’s stock after selling 1,462 shares during the quarter. Amalgamated Bank’s holdings in CROWN CASTLE IN/SH SH were worth $6,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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. Vanguard Group Inc raised its position in 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. BlackRock Inc. raised its position in CROWN CASTLE IN/SH SH by 0.4% during the fourth quarter. BlackRock Inc. now owns 28,057,717 shares of the real estate investment trust’s stock valued at $3,047,911,000 after acquiring an additional 118,392 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CROWN CASTLE IN/SH SH by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock valued at $665,173,000 after acquiring an additional 139,365 shares in the last quarter. Finally, Northern Trust Corp raised its position in CROWN CASTLE IN/SH SH by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,496,865 shares of the real estate investment trust’s stock valued at $597,125,000 after acquiring an additional 155,891 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Bank of America raised their price objective on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Morgan Stanley raised their price objective on shares of CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. TheStreet raised shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank lowered 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 report on Monday, March 18th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CROWN CASTLE IN/SH SH has a consensus rating of “Hold” and an average target price of $120.58.

Shares of CCI stock opened at $125.28 on Tuesday. CROWN CASTLE IN/SH SH has a 12 month low of $98.85 and a 12 month high of $127.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $52.15 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.45 and a beta of 0.41.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that CROWN CASTLE IN/SH SH will post 5.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $1.125 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $4.50 annualized dividend and a yield of 3.59%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

In other CROWN CASTLE IN/SH SH news, SVP Michael Joseph Kavanagh sold 2,500 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward C. Hutcheson, Jr. purchased 350 shares of the stock in a transaction on Friday, February 8th. The shares were bought at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the acquisition, the director now owns 59,187 shares of the company’s stock, valued at $6,981,106.65. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

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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 65,000 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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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