Private Wealth Partners LLC Sells 200 Shares of Crown Castle Inc. (NYSE:CCI)

Private Wealth Partners LLC lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,001 shares of the real estate investment trust’s stock after selling 200 shares during the period. Private Wealth Partners LLC’s holdings in Crown Castle were worth $593,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. BOKF NA boosted its position in Crown Castle by 25.6% during the 1st quarter. BOKF NA now owns 4,004 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 815 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Crown Castle by 30.4% during the 1st 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 buying an additional 8,346 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Crown Castle by 21.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 517,964 shares of the real estate investment trust’s stock valued at $54,816,000 after buying an additional 91,404 shares during the period. Russell Investments Group Ltd. boosted its position in Crown Castle by 64.5% during the 1st quarter. Russell Investments Group Ltd. now owns 627,544 shares of the real estate investment trust’s stock valued at $66,402,000 after buying an additional 246,043 shares during the period. Finally, OLD National Bancorp IN boosted its position in Crown Castle by 23.8% during the 2nd quarter. OLD National Bancorp IN now owns 91,118 shares of the real estate investment trust’s stock valued at $8,902,000 after buying an additional 17,529 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. TD Cowen dropped their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. BMO Capital Markets increased their price target on shares of Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, July 18th. Barclays raised their target price on shares of Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.87.

Crown Castle Trading Down 0.8 %

Shares of NYSE CCI opened at $106.58 on Friday. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The stock has a market cap of $46.32 billion, a P/E ratio of 37.79 and a beta of 0.86. The firm has a 50-day moving average of $113.78 and a 200 day moving average of $105.82. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.43.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business earned $1.77 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, September 13th. This represents a $6.26 dividend on an annualized basis and a yield of 5.87%. Crown Castle’s dividend payout ratio is currently 221.99%.

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.