IVC Wealth Advisors LLC Has $817,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

IVC Wealth Advisors LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,887 shares of the real estate investment trust’s stock after purchasing an additional 290 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Crown Castle were worth $817,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CCI. BOKF NA lifted its position in Crown Castle by 25.6% in the first quarter. BOKF NA now owns 4,004 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 815 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Crown Castle by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 931,397 shares of the real estate investment trust’s stock valued at $98,570,000 after acquiring an additional 8,136 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Crown Castle by 30.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 35,805 shares of the real estate investment trust’s stock valued at $3,789,000 after acquiring an additional 8,346 shares during the period. Norden Group LLC acquired a new position in Crown Castle in the first quarter worth about $1,804,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Crown Castle by 21.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 517,964 shares of the real estate investment trust’s stock worth $54,816,000 after purchasing an additional 91,404 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, July 18th. Royal Bank of Canada upped their price target on Crown Castle from $100.00 to $104.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group upped their target price on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, Bank of America boosted their price target on shares of Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average target price of $116.47.

Crown Castle Stock Down 2.3 %

NYSE:CCI opened at $108.91 on Monday. The stock’s fifty day moving average price is $114.05 and its two-hundred day moving average price is $105.48. The company has a market cap of $47.33 billion, a price-to-earnings ratio of 38.62 and a beta of 0.85. Crown Castle Inc. has a 52-week low of $87.38 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.43 and a current ratio of 0.54.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts anticipate that Crown Castle Inc. will post 6.65 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.565 dividend. The ex-dividend date was Friday, September 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.75%. Crown Castle’s dividend payout ratio is 221.99%.

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.