NS Partners Ltd trimmed its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 2.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 215,307 shares of the real estate investment trust’s stock after selling 4,756 shares during the quarter. CROWN CASTLE IN/SH SH comprises about 2.6% of NS Partners Ltd’s portfolio, making the stock its 5th biggest holding. NS Partners Ltd’s holdings in CROWN CASTLE IN/SH SH were worth $27,559,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC raised its position in shares of CROWN CASTLE IN/SH SH by 7.9% during the 1st quarter. Penserra Capital Management LLC now owns 12,364 shares of the real estate investment trust’s stock valued at $1,553,000 after buying an additional 904 shares during the period. Exencial Wealth Advisors LLC increased its holdings in CROWN CASTLE IN/SH SH by 17.4% in the 1st quarter. Exencial Wealth Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 322 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in CROWN CASTLE IN/SH SH by 13.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 737,995 shares of the real estate investment trust’s stock valued at $94,210,000 after purchasing an additional 90,117 shares during the last quarter. Dean Investment Associates LLC acquired a new stake in CROWN CASTLE IN/SH SH in the 1st quarter valued at approximately $214,000. Finally, Commerce Bank increased its holdings in CROWN CASTLE IN/SH SH by 5.4% in the 1st quarter. Commerce Bank now owns 18,422 shares of the real estate investment trust’s stock valued at $2,358,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 93.20% of the company’s stock.

CCI has been the subject of several research reports. TheStreet upgraded shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, January 23rd. Bank of America boosted their price target 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 downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a research note on Monday, March 18th. They noted that the move was a valuation call. Macquarie downgraded shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 12th. Finally, Guggenheim downgraded 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. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and an average target price of $123.25.

In other news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total value of $300,150.00. Following the completion of the sale, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at $4,618,828.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Landis Martin bought 18,350 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average cost of $123.13 per share, with a total value of $2,259,435.50. Following the completion of the acquisition, the director now directly owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.

CCI traded up $0.88 on Wednesday, reaching $125.93. The company had a trading volume of 6,587 shares, compared to its average volume of 1,867,171. CROWN CASTLE IN/SH SH has a 1 year low of $99.99 and a 1 year high of $130.60. The stock has a market cap of $52.90 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.76.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $0.21 earnings per share. CROWN CASTLE IN/SH SH’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts expect that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $1.125 dividend. The ex-dividend date is Thursday, June 13th. This represents a $4.50 dividend on an annualized basis and a yield of 3.57%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

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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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