Fiduciary Financial Group LLC Buys 184 Shares of Crown Castle Inc. (NYSE:CCI)

Fiduciary Financial Group LLC increased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,246 shares of the real estate investment trust’s stock after purchasing an additional 184 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Crown Castle were worth $274,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Crown Castle by 29.4% during the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after purchasing an additional 282,821 shares during the last quarter. Van ECK Associates Corp increased its stake in Crown Castle by 24.7% in the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after buying an additional 31,319 shares during the period. Fisher Asset Management LLC boosted its position in Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after buying an additional 203,442 shares during the period. Citizens Business Bank purchased a new stake in Crown Castle in the 3rd quarter valued at about $620,000. Finally, State Street Corp grew its stake in Crown Castle by 3.7% in the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after acquiring an additional 747,390 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $117.00 to $104.00 in a research note on Monday. Wells Fargo & Company cut Crown Castle from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $105.00 to $100.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective on Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group raised their target price 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.00.

Crown Castle Price Performance

NYSE CCI opened at $86.61 on Thursday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm’s fifty day simple moving average is $97.57 and its two-hundred day simple moving average is $105.81. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $37.64 billion, a P/E ratio of 30.71 and a beta of 0.87.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts forecast that Crown Castle Inc. will post 6.66 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 7.23%. The ex-dividend date was Friday, December 13th. Crown Castle’s 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.