Herold Advisors Inc. Sells 547 Shares of Crown Castle Inc. (NYSE:CCI)

Herold Advisors Inc. reduced its stake in Crown Castle Inc. (NYSE:CCI) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,733 shares of the real estate investment trust’s stock after selling 547 shares during the quarter. Herold Advisors Inc.’s holdings in Crown Castle were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CCI. Caprock Group LLC boosted its position in shares of Crown Castle by 13.4% in the 3rd quarter. Caprock Group LLC now owns 5,228 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 618 shares in the last quarter. Czech National Bank raised its holdings in Crown Castle by 47.6% in the 3rd quarter. Czech National Bank now owns 75,798 shares of the real estate investment trust’s stock worth $6,976,000 after acquiring an additional 24,460 shares during the last quarter. Presima Securities ULC raised its holdings in Crown Castle by 12.5% in the 3rd quarter. Presima Securities ULC now owns 25,925 shares of the real estate investment trust’s stock worth $2,386,000 after acquiring an additional 2,875 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Crown Castle by 6.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 195,439 shares of the real estate investment trust’s stock worth $17,986,000 after acquiring an additional 11,354 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Crown Castle by 0.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 201,814 shares of the real estate investment trust’s stock worth $18,573,000 after acquiring an additional 888 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCI has been the subject of a number of recent analyst reports. Scotiabank decreased their price objective on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Bank of America decreased their target price on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Royal Bank of Canada boosted their target price on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Wells Fargo & Company decreased their target price on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus target price of $113.29.

Crown Castle Stock Performance

Shares of NYSE:CCI traded down $0.64 during midday trading on Friday, hitting $93.57. The company had a trading volume of 2,697,056 shares, compared to its average volume of 2,845,581. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40. The company has a market cap of $40.66 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.54 and a beta of 0.73. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $123.79. The company has a fifty day moving average of $103.65 and a two-hundred day moving average of $105.25.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.92). The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.91 earnings per share. On average, equities research analysts expect that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.69%. The ex-dividend date was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 195.63%.

Crown Castle Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.