Gilbert & Cook Inc. Purchases 108 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

Gilbert & Cook Inc. boosted its position in CROWN CASTLE IN/SH SH (NYSE:CCI) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,062 shares of the real estate investment trust’s stock after acquiring an additional 108 shares during the quarter. Gilbert & Cook Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC bought a new position in shares of CROWN CASTLE IN/SH SH during the second quarter valued at about $25,000. Kavar Capital Partners LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the second quarter worth about $26,000. Manchester Capital Management LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the second quarter worth about $26,000. City Holding Co. boosted its holdings in shares of CROWN CASTLE IN/SH SH by 655.6% during the third quarter. City Holding Co. now owns 204 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 177 shares during the period. Finally, Lenox Wealth Advisors LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the third quarter worth about $32,000. 91.46% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on CCI shares. ValuEngine lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group increased their target price on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Guggenheim set a $148.00 target price on shares of CROWN CASTLE IN/SH SH and gave the stock a “hold” rating in a report on Thursday, September 12th. Bank of America reiterated a “buy” rating and set a $151.00 target price (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. upgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $135.58.

CCI traded down $1.10 on Friday, hitting $130.81. The company had a trading volume of 2,231,595 shares, compared to its average volume of 1,876,144. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.72 and a quick ratio of 0.76. CROWN CASTLE IN/SH SH has a 52-week low of $103.21 and a 52-week high of $149.47. The stock has a fifty day simple moving average of $138.49 and a 200-day simple moving average of $134.97. The firm has a market capitalization of $54.74 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.49 and a beta of 0.28.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.09. CROWN CASTLE IN/SH SH had a net margin of 16.12% and a return on equity of 8.07%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business posted $0.33 earnings per share. CROWN CASTLE IN/SH SH’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that CROWN CASTLE IN/SH SH will post 5.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $1.20 per share. This is an increase from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.67%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is currently 82.12%.

In related news, COO Robert Carl Ackerman sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $143.43, for a total transaction of $1,506,015.00. Following the completion of the sale, the chief operating officer now owns 7,806 shares of the company’s stock, valued at $1,119,614.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Sean Collins sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $143.34, for a total transaction of $143,340.00. Following the sale, the vice president now directly owns 616 shares of the company’s stock, valued at approximately $88,297.44. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

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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