CROWN CASTLE In/SH SH (CCI) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,405,300 shares of the real estate investment trust’s stock after buying an additional 115,597 shares during the quarter. CROWN CASTLE In/SH SH accounts for approximately 0.6% of Renaissance Technologies LLC’s holdings, making the stock its 13th largest holding. Renaissance Technologies LLC owned 1.30% of CROWN CASTLE In/SH SH worth $601,772,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Rampart Investment Management Company LLC raised its stake in shares of CROWN CASTLE In/SH SH by 74.0% in the 2nd quarter. Rampart Investment Management Company LLC now owns 31,436 shares of the real estate investment trust’s stock valued at $3,389,000 after purchasing an additional 13,371 shares during the period. Cadence Capital Management LLC grew its holdings in shares of CROWN CASTLE In/SH SH by 5.5% in the 2nd quarter. Cadence Capital Management LLC now owns 22,379 shares of the real estate investment trust’s stock valued at $2,413,000 after acquiring an additional 1,162 shares in the last quarter. Gilman Hill Asset Management LLC grew its holdings in shares of CROWN CASTLE In/SH SH by 41.1% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 3,175 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 925 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of CROWN CASTLE In/SH SH by 1,321.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,760,722 shares of the real estate investment trust’s stock valued at $282,092,000 after acquiring an additional 2,566,570 shares in the last quarter. Finally, First American Bank bought a new position in shares of CROWN CASTLE In/SH SH in the 3rd quarter valued at about $3,305,000. 94.09% of the stock is currently owned by institutional investors and hedge funds.

CROWN CASTLE In/SH SH stock traded up $1.14 during midday trading on Tuesday, reaching $114.84. 13,210 shares of the company’s stock were exchanged, compared to its average volume of 2,003,784. CROWN CASTLE In/SH SH has a 52 week low of $98.85 and a 52 week high of $115.33. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $47.67 billion, a P/E ratio of 23.64, a PEG ratio of 1.41 and a beta of 0.38.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company posted $0.21 earnings per share. CROWN CASTLE In/SH SH’s quarterly revenue was up 29.4% on a year-over-year basis. Research analysts forecast that CROWN CASTLE In/SH SH will post 5.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $1.125 per share. The ex-dividend date is Thursday, December 13th. This is an increase from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 annualized dividend and a yield of 3.92%. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is 86.60%.

CCI has been the subject of several analyst reports. ValuEngine upgraded CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet cut CROWN CASTLE In/SH SH from a “b” rating to a “c+” rating in a report on Wednesday, October 17th. Barclays raised their price objective on CROWN CASTLE In/SH SH from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, October 19th. Morgan Stanley raised their price objective on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, August 16th. Finally, UBS Group set a $120.00 price objective on CROWN CASTLE In/SH SH and gave the company a “buy” rating in a report on Friday, September 28th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CROWN CASTLE In/SH SH presently has a consensus rating of “Buy” and a consensus target price of $118.11.

In related news, Director Langenfeld Cynthia K. Christy acquired 900 shares of the business’s stock in a transaction on Monday, October 22nd. The stock was purchased at an average cost of $106.19 per share, for a total transaction of $95,571.00. Following the completion of the transaction, the director now directly owns 25,424 shares of the company’s stock, valued at approximately $2,699,774.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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.

Read More: What Factors Can Affect Return on Equity?

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

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