Hilltop Holdings Inc. boosted its stake in CROWN CASTLE In/SH SH (NYSE:CCI) by 31.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,145 shares of the real estate investment trust’s stock after acquiring an additional 4,535 shares during the quarter. Hilltop Holdings Inc.’s holdings in CROWN CASTLE In/SH SH were worth $2,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its position in shares of CROWN CASTLE In/SH SH by 4.8% in the 4th quarter. Financial Counselors Inc. now owns 80,326 shares of the real estate investment trust’s stock valued at $8,917,000 after purchasing an additional 3,697 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of CROWN CASTLE In/SH SH by 4.4% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 28,797 shares of the real estate investment trust’s stock valued at $3,197,000 after purchasing an additional 1,206 shares in the last quarter. Virtus Fund Advisers LLC raised its position in shares of CROWN CASTLE In/SH SH by 116.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 590,283 shares of the real estate investment trust’s stock valued at $65,527,000 after purchasing an additional 316,952 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of CROWN CASTLE In/SH SH in the 4th quarter valued at approximately $6,467,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of CROWN CASTLE In/SH SH by 2.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,368,110 shares of the real estate investment trust’s stock valued at $151,874,000 after purchasing an additional 27,784 shares in the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.

A number of brokerages have issued reports on CCI. Zacks Investment Research lowered CROWN CASTLE In/SH SH from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Goldman Sachs Group lowered CROWN CASTLE In/SH SH from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. ValuEngine raised CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Barclays upped their target price on CROWN CASTLE In/SH SH from $107.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 17th. Finally, Morgan Stanley cut their target price on CROWN CASTLE In/SH SH from $118.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, May 31st. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $114.85.

CCI stock opened at $100.84 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22. The company has a market cap of $42.86 billion, a P/E ratio of 20.84, a PEG ratio of 1.27 and a beta of 0.31. CROWN CASTLE In/SH SH has a 12-month low of $93.14 and a 12-month high of $114.97.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 18th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.98). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. CROWN CASTLE In/SH SH had a net margin of 8.87% and a return on equity of 4.06%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. sell-side analysts expect that CROWN CASTLE In/SH SH will post 5.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, June 14th. CROWN CASTLE In/SH SH’s dividend payout ratio is currently 86.60%.

In other news, Director Anthony J. Melone purchased 1,979 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The shares were acquired at an average cost of $101.06 per share, with a total value of $199,997.74. Following the transaction, the director now owns 10,547 shares in the company, valued at approximately $1,065,879.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

About CROWN CASTLE In/SH SH

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.

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

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