M Holdings Securities Inc. Buys New Stake in CROWN CASTLE In/SH SH (CCI)

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M Holdings Securities Inc. acquired a new stake in shares of CROWN CASTLE In/SH SH (NYSE:CCI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,018 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC grew 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 worth $5,760,000 after purchasing an additional 462 shares in the last quarter. Raymond James Trust N.A. grew its stake in 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 worth $3,237,000 after purchasing an additional 466 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in 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 worth $3,465,000 after purchasing an additional 483 shares in the last quarter. Front Row Advisors LLC grew its stake in 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 worth $940,000 after purchasing an additional 485 shares in the last quarter. Finally, KC Investment Advisors LLC grew its stake in CROWN CASTLE In/SH SH by 15.0% in the second quarter. KC Investment Advisors LLC now owns 3,800 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research cut CROWN CASTLE In/SH SH from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Guggenheim reaffirmed a “buy” rating and set a $120.00 target price on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. Citigroup raised their price objective on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. UBS Group set a $120.00 price objective on CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a research report on Friday, September 28th. Finally, Morgan Stanley raised their price objective on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $117.45.

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

Shares of NYSE CCI traded down $0.33 during trading on Friday, reaching $104.95. 3,031,596 shares of the company traded hands, compared to its average volume of 2,488,991. The firm has a market capitalization of $46.18 billion, a P/E ratio of 21.64, a PEG ratio of 1.69 and a beta of 0.35. CROWN CASTLE In/SH SH has a 12-month low of $98.85 and a 12-month high of $114.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.91 and a current ratio of 0.91.

CROWN CASTLE In/SH SH (NYSE:CCI) last posted its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.91). CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $0.31 earnings per share. CROWN CASTLE In/SH SH’s revenue was up 28.1% on a year-over-year basis. As a group, analysts forecast that CROWN CASTLE In/SH SH will post 5.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, September 13th. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is presently 86.60%.

CROWN CASTLE In/SH SH Company 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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