CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Bought by Laurel Wealth Advisors Inc.

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Laurel Wealth Advisors Inc. grew its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,669 shares of the real estate investment trust’s stock after purchasing an additional 955 shares during the period. Laurel Wealth Advisors Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. B. Riley Wealth Management Inc. boosted its position in CROWN CASTLE IN/SH SH by 9.5% during the 1st quarter. B. Riley Wealth Management Inc. now owns 3,123 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 272 shares during the period. Front Row Advisors LLC boosted its position in CROWN CASTLE IN/SH SH by 3.2% during the 1st quarter. Front Row Advisors LLC now owns 9,151 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 280 shares during the period. M Holdings Securities Inc. acquired a new position in shares of CROWN CASTLE IN/SH SH in the 1st quarter worth approximately $249,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lifted its position in shares of CROWN CASTLE IN/SH SH by 14.7% in the 1st quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 76,780 shares of the real estate investment trust’s stock worth $9,828,000 after purchasing an additional 9,812 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of CROWN CASTLE IN/SH SH by 20.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,295 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 570 shares during the period. Institutional investors own 92.15% of the company’s stock.

A number of research analysts have recently issued reports on CCI shares. Guggenheim downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. 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 on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of CROWN CASTLE IN/SH SH from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th. 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 report on Tuesday, March 19th. Finally, UBS Group downgraded shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price target on the stock. in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $122.46.

NYSE:CCI opened at $134.04 on Monday. The firm has a market capitalization of $55.73 billion, a PE ratio of 24.46, a P/E/G ratio of 1.54 and a beta of 0.34. 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 has a twelve month low of $100.41 and a twelve month high of $137.31.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.93). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Analysts forecast that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.125 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.50 annualized dividend and a dividend yield of 3.36%. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.

In other news, VP Robert Sean Collins sold 1,200 shares of CROWN CASTLE IN/SH SH stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the sale, the vice president now owns 1,616 shares in the company, valued at approximately $202,307.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Landis Martin acquired 18,350 shares of the stock in a transaction dated Wednesday, April 24th. The stock was bought at an average price of $123.13 per share, with a total value of $2,259,435.50. Following the purchase, the director now directly owns 120,717 shares in the company, valued at $14,863,884.21. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.

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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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