Parametric Portfolio Associates LLC raised its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,305,987 shares of the real estate investment trust’s stock after acquiring an additional 86,110 shares during the quarter. Parametric Portfolio Associates LLC owned 0.31% of CROWN CASTLE IN/SH SH worth $170,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its stake in CROWN CASTLE IN/SH SH by 11.4% in the 2nd quarter. Lindbrook Capital LLC now owns 821 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 84 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of CROWN CASTLE IN/SH SH by 4.7% during the second quarter. Sunbelt Securities Inc. now owns 1,972 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 88 shares during the last quarter. Cornerstone Advisors Inc. increased its position in CROWN CASTLE IN/SH SH by 4.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,045 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 89 shares in the last quarter. RB Capital Management LLC raised its stake in CROWN CASTLE IN/SH SH by 1.0% in the 1st quarter. RB Capital Management LLC now owns 9,000 shares of the real estate investment trust’s stock valued at $1,152,000 after purchasing an additional 90 shares during the last quarter. Finally, National Asset Management Inc. raised its stake in CROWN CASTLE IN/SH SH by 2.5% in the 1st quarter. National Asset Management Inc. now owns 3,673 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

In other news, VP Robert Sean Collins sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $143.34, for a total value of $143,340.00. Following the completion of the sale, the vice president now directly owns 616 shares of the company’s stock, valued at $88,297.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Landis Martin purchased 16,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average price of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the acquisition, the director now owns 130,617 shares of the company’s stock, valued at approximately $16,631,462.61. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.

CCI traded down $0.78 during trading on Wednesday, reaching $138.54. The company had a trading volume of 1,202,904 shares, compared to its average volume of 1,344,700. The firm’s 50-day simple moving average is $140.59 and its 200 day simple moving average is $130.90. The company has a market cap of $57.92 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.64 and a beta of 0.27. CROWN CASTLE IN/SH SH has a 12-month low of $103.21 and a 12-month high of $149.47. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.76.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.85). The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. On average, sell-side analysts expect that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.125 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.50 annualized dividend and a yield of 3.25%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is presently 82.12%.

CCI has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating and set a $151.00 price target (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a report on Wednesday, August 14th. New Street Research cut CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Thursday, June 13th. Morgan Stanley boosted their price objective on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. upgraded CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their target price for the company from $125.00 to $150.00 in a research report on Thursday, August 1st. Finally, Citigroup decreased their target price on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. CROWN CASTLE IN/SH SH presently has a consensus rating of “Hold” and an average price target of $129.36.

About CROWN CASTLE IN/SH SH

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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