Mid Atlantic Financial Management Inc. ADV Has $308,000 Position in CROWN CASTLE IN/SH SH (CCI)

Mid Atlantic Financial Management Inc. ADV boosted its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,410 shares of the real estate investment trust’s stock after buying an additional 311 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in CROWN CASTLE IN/SH SH were worth $308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc increased its stake in shares of CROWN CASTLE IN/SH SH by 7.6% during the third quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock valued at $5,922,410,000 after acquiring an additional 3,771,236 shares during the period. NuWave Investment Management LLC grew its position in CROWN CASTLE IN/SH SH by 52.3% in the fourth quarter. NuWave Investment Management LLC now owns 1,991 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 684 shares during the last quarter. Shine Investment Advisory Services Inc. grew its position in CROWN CASTLE IN/SH SH by 10.7% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 1,088 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 105 shares during the last quarter. Strs Ohio grew its position in CROWN CASTLE IN/SH SH by 0.8% in the fourth quarter. Strs Ohio now owns 227,726 shares of the real estate investment trust’s stock worth $24,737,000 after buying an additional 1,715 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in CROWN CASTLE IN/SH SH by 9.5% in the fourth quarter. IFM Investors Pty Ltd now owns 23,767 shares of the real estate investment trust’s stock worth $2,582,000 after buying an additional 2,058 shares during the last quarter. Institutional investors and hedge funds own 92.27% of the company’s stock.

CCI has been the topic of several recent research reports. TheStreet upgraded shares of CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Macquarie lowered shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Morgan Stanley lifted 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. Deutsche Bank lowered 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. Finally, Bank of America lifted 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. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and an average price target of $123.25.

In related news, Director J Landis Martin bought 18,350 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $14,863,884.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of CROWN CASTLE IN/SH SH stock in a transaction on Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the sale, the senior vice president now directly owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

NYSE CCI opened at $126.63 on Thursday. CROWN CASTLE IN/SH SH has a twelve month low of $99.99 and a twelve month high of $130.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $51.99 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.44 and a beta of 0.40.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted 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). CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts expect that CROWN CASTLE IN/SH SH will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, June 13th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

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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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