Motley Fool Asset Management LLC Acquires 802 Shares of Crown Castle Inc. (NYSE:CCI)

Motley Fool Asset Management LLC boosted its position in Crown Castle Inc. (NYSE:CCI) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,943 shares of the real estate investment trust’s stock after purchasing an additional 802 shares during the period. Motley Fool Asset Management LLC’s holdings in Crown Castle were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. Valley National Advisers Inc. lifted its stake in Crown Castle by 51.1% in the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter worth approximately $30,000. Rosenberg Matthew Hamilton boosted its position in Crown Castle by 43.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 113 shares during the period. HHM Wealth Advisors LLC grew its position in Crown Castle by 154.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in Crown Castle during the 4th quarter valued at $47,000. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCI shares. Scotiabank decreased their price target on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. BMO Capital Markets reduced their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday. Bank of America cut their price objective on Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Argus downgraded shares of Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.29.

Crown Castle Trading Down 0.7 %

NYSE:CCI traded down $0.64 on Friday, reaching $93.57. 2,697,056 shares of the company’s stock were exchanged, compared to its average volume of 2,845,581. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $123.79. The business has a fifty day moving average of $103.65 and a 200-day moving average of $105.25.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. Crown Castle’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, analysts expect that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Announces Dividend

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

Crown Castle Company 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.