Crown Castle Inc. (NYSE:CCI) Shares Acquired by Capital Square LLC

Capital Square LLC increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,414 shares of the real estate investment trust’s stock after acquiring an additional 196 shares during the quarter. Crown Castle makes up about 1.2% of Capital Square LLC’s portfolio, making the stock its 20th biggest holding. Capital Square LLC’s holdings in Crown Castle were worth $1,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CCI. Catalyst Capital Advisors LLC acquired a new position in Crown Castle in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC acquired a new position in Crown Castle in the first quarter valued at approximately $27,000. Asset Dedication LLC grew its position in Crown Castle by 159.0% in the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 167 shares during the period. Beacon Capital Management LLC increased its stake in Crown Castle by 163.9% during the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 177 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 1.1 %

NYSE CCI traded up $1.21 on Monday, hitting $106.65. 88,314 shares of the stock were exchanged, compared to its average volume of 2,595,400. Crown Castle Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $120.92. The company has a 50-day moving average price of $110.60 and a 200-day moving average price of $106.89. The company has a market cap of $46.35 billion, a PE ratio of 37.39 and a beta of 0.86. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 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 analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts anticipate that Crown Castle Inc. will post 6.66 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCI. Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. Barclays increased their price objective 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, November 1st. Jefferies Financial Group boosted their target price on Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Bank of America raised their price target on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, UBS Group boosted their price objective on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and a consensus 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.