Mizuho Securities USA LLC Sells 5,327 Shares of Crown Castle Inc. (NYSE:CCI)

Mizuho Securities USA LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 15.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,179 shares of the real estate investment trust’s stock after selling 5,327 shares during the quarter. Mizuho Securities USA LLC’s holdings in Crown Castle were worth $3,343,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in Crown Castle during the 3rd quarter valued at $25,000. EntryPoint Capital LLC bought a new stake in shares of Crown Castle during the first quarter worth $27,000. Asset Dedication LLC increased its stake in shares of Crown Castle by 159.0% in the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 167 shares in the last quarter. Beacon Capital Management LLC raised its holdings in shares of Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 177 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 0.9 %

Shares of Crown Castle stock opened at $105.42 on Friday. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $45.81 billion, a P/E ratio of 37.38 and a beta of 0.86. The business has a 50-day moving average of $110.60 and a two-hundred day moving average of $106.75.

Crown Castle (NYSE:CCI) last released its 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 return on equity of 20.98% and a net margin of 18.59%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $1.77 EPS. Crown Castle’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts predict that Crown Castle Inc. will post 6.66 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend payout ratio is presently 221.99%.

Analyst Ratings Changes

Several research firms have recently commented on CCI. Citigroup set a $128.00 price target on shares of Crown Castle in a research note on Thursday, October 17th. Bank of America boosted their price target on shares of Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Barclays raised their price objective on shares of Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted 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, JPMorgan Chase & Co. increased their price target on Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.87.

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.