Sompo Japan Nipponkoa Asset Management CO. LTD. Sells 720 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

Sompo Japan Nipponkoa Asset Management CO. LTD. decreased its stake in CROWN CASTLE IN/SH SH (NYSE:CCI) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,780 shares of the real estate investment trust’s stock after selling 720 shares during the period. CROWN CASTLE IN/SH SH comprises about 1.5% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 21st largest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in CROWN CASTLE IN/SH SH were worth $5,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Pacifica Partners Inc. bought a new position in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $26,000. John W. Brooker & Co. CPAs acquired a new position in CROWN CASTLE IN/SH SH in the 1st quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new position in CROWN CASTLE IN/SH SH in the 1st quarter valued at approximately $28,000. Sugarloaf Wealth Management LLC acquired a new position in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $30,000. Finally, Ancora Advisors LLC acquired a new position in CROWN CASTLE IN/SH SH in the 4th quarter valued at approximately $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Shares of CCI traded up $5.37 during trading hours on Friday, hitting $156.20. 1,874,020 shares of the stock were exchanged, compared to its average volume of 2,021,127. CROWN CASTLE IN/SH SH has a fifty-two week low of $114.18 and a fifty-two week high of $168.75. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50-day moving average of $156.81 and a 200-day moving average of $147.02. The firm has a market capitalization of $62.86 billion, a P/E ratio of 81.78, a price-to-earnings-growth ratio of 1.24 and a beta of 0.34.

CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. CROWN CASTLE IN/SH SH had a return on equity of 8.39% and a net margin of 15.59%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, analysts forecast that CROWN CASTLE IN/SH SH will post 5.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 11th. CROWN CASTLE IN/SH SH’s payout ratio is 84.36%.

CCI has been the subject of several recent research reports. Credit Suisse Group initiated coverage on shares of CROWN CASTLE IN/SH SH in a research report on Tuesday, April 28th. They issued a “neutral” rating and a $149.00 price target for the company. UBS Group upped their price target on shares of CROWN CASTLE IN/SH SH from $137.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Raymond James restated a “hold” rating on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, February 12th. SunTrust Banks upped their price target on shares of CROWN CASTLE IN/SH SH from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Co upped their price target on shares of CROWN CASTLE IN/SH SH from $156.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $156.08.

In other CROWN CASTLE IN/SH SH news, EVP Michael Joseph Kavanagh sold 5,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $153.86, for a total value of $769,300.00. Following the completion of the sale, the executive vice president now directly owns 47,767 shares in the company, valued at $7,349,430.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.47% 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 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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