Hengehold Capital Management LLC Has $3.72 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Hengehold Capital Management LLC lifted its position in Crown Castle Inc. (NYSE:CCI) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,374 shares of the real estate investment trust’s stock after buying an additional 1,171 shares during the quarter. Hengehold Capital Management LLC’s holdings in Crown Castle were worth $3,722,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its stake in shares of Crown Castle by 13.0% in the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 90 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 91 shares during the last quarter. Prosperity Consulting Group LLC increased its stake in shares of Crown Castle by 4.4% in the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 95 shares during the period. True North Advisors LLC raised its position in shares of Crown Castle by 4.2% during the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 95 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its stake in shares of Crown Castle by 0.5% in the second quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock worth $1,899,000 after acquiring an additional 100 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.4 %

Shares of Crown Castle stock opened at $116.20 on Thursday. The stock has a market capitalization of $50.50 billion, a PE ratio of 42.41 and a beta of 0.85. Crown Castle Inc. has a 52 week low of $84.72 and a 52 week high of $120.92. The stock has a 50 day moving average price of $113.98 and a two-hundred day moving average price of $105.00. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.43 and a current ratio of 0.43.

Crown Castle (NYSE:CCI) last issued 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). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 19.20% and a net margin of 17.98%. Crown Castle’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. As a group, equities analysts anticipate that Crown Castle Inc. will post 6.65 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Friday, September 13th. Crown Castle’s payout ratio is presently 229.30%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of Crown Castle from $100.00 to $104.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on shares of Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. TD Cowen cut their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays lifted their price objective on Crown Castle from $112.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $115.57.

Insider Buying and Selling

In related news, COO Michael Joseph Kavanagh sold 10,883 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $103.72, for a total value of $1,128,784.76. Following the transaction, the chief operating officer now owns 75,127 shares of the company’s stock, valued at approximately $7,792,172.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by company insiders.

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.