Holistic Financial Partners Purchases New Holdings in CROWN CASTLE In/SH SH (CCI)

Holistic Financial Partners purchased a new position in shares of CROWN CASTLE In/SH SH (NYSE:CCI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,977 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC lifted its stake in CROWN CASTLE In/SH SH by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 53,427 shares of the real estate investment trust’s stock valued at $5,760,000 after acquiring an additional 462 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of CROWN CASTLE In/SH SH by 1.6% in the second quarter. Raymond James Trust N.A. now owns 30,017 shares of the real estate investment trust’s stock valued at $3,237,000 after purchasing an additional 466 shares during the period. HL Financial Services LLC raised its position in shares of CROWN CASTLE In/SH SH by 11.6% in the third quarter. HL Financial Services LLC now owns 4,507 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 468 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of CROWN CASTLE In/SH SH by 1.5% in the second quarter. First Citizens Bank & Trust Co. now owns 32,136 shares of the real estate investment trust’s stock valued at $3,465,000 after purchasing an additional 483 shares during the period. Finally, Front Row Advisors LLC raised its position in shares of CROWN CASTLE In/SH SH by 6.0% in the second quarter. Front Row Advisors LLC now owns 8,628 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

In other CROWN CASTLE In/SH SH news, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the sale, the director now owns 23,100 shares in the company, valued at $2,632,476. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Langenfeld Cynthia K. Christy purchased 900 shares of the firm’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average price of $106.19 per share, for a total transaction of $95,571.00. Following the purchase, the director now directly owns 25,424 shares of the company’s stock, valued at $2,699,774.56. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

Shares of CCI stock opened at $111.21 on Wednesday. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97. The firm has a market cap of $45.36 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.34 and a beta of 0.35. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96.

CROWN CASTLE In/SH SH (NYSE:CCI) last announced its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. CROWN CASTLE In/SH SH’s revenue was up 29.4% compared to the same quarter last year. Analysts predict that CROWN CASTLE In/SH SH will post 5.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors 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 represents a $4.50 dividend on an annualized basis and a yield of 4.05%. This is a positive change from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. CROWN CASTLE In/SH SH’s payout ratio is 86.60%.

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine raised shares of CROWN CASTLE In/SH SH from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Guggenheim reissued a “buy” rating and issued a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research 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 research report on Friday, September 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $117.67.

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CROWN CASTLE In/SH SH 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.

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

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