Oppenheimer & Co. Inc. Has $1.67 Million Stake in CROWN CASTLE In/SH SH (CCI)

Oppenheimer & Co. Inc. lifted its holdings in shares of CROWN CASTLE In/SH SH (NYSE:CCI) by 17.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,973 shares of the real estate investment trust’s stock after acquiring an additional 2,215 shares during the period. Oppenheimer & Co. Inc.’s holdings in CROWN CASTLE In/SH SH were worth $1,667,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. People s United Financial Inc. bought a new position in shares of CROWN CASTLE In/SH SH during the 2nd quarter worth about $14,091,000. Kaizen Advisory LLC lifted its holdings in shares of CROWN CASTLE In/SH SH by 142.5% during the 2nd quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 553 shares during the period. Sun Life Financial INC lifted its holdings in shares of CROWN CASTLE In/SH SH by 443.0% during the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 917 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of CROWN CASTLE In/SH SH during the 2nd quarter worth about $201,000. Finally, We Are One Seven LLC bought a new position in shares of CROWN CASTLE In/SH SH during the 3rd quarter worth about $213,000. 94.91% of the stock is owned by institutional investors.

Shares of CCI stock opened at $109.34 on Friday. CROWN CASTLE In/SH SH has a 12-month low of $98.85 and a 12-month high of $114.97. The stock has a market cap of $45.11 billion, a P/E ratio of 20.48, a PEG ratio of 1.34 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.33.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $1.125 per share. 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 4.12%. The ex-dividend date of this dividend is Thursday, December 13th. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is currently 86.60%.

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Zacks Investment Research raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a report on Thursday, July 19th. Cowen reissued a “buy” rating and set a $121.00 price target on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Guggenheim reissued a “buy” rating and set a $120.00 price target on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Finally, UBS Group set a $120.00 price target on shares of CROWN CASTLE In/SH SH and gave the company a “buy” rating in a report on Friday, September 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CROWN CASTLE In/SH SH has a consensus rating of “Buy” and a consensus target price of $117.67.

In other news, Director J Landis Martin purchased 6,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average cost of $110.14 per share, with a total value of $671,854.00. Following the acquisition, the director now directly owns 107,822 shares of the company’s stock, valued at approximately $11,875,515.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the transaction, the director now directly owns 23,100 shares of the company’s stock, valued at $2,632,476. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

About CROWN CASTLE In/SH SH

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.

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

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