Crown Castle Inc. (NYSE:CCI) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,998 shares of the real estate investment trust’s stock after acquiring an additional 238 shares during the quarter. Mirador Capital Partners LP’s holdings in Crown Castle were worth $272,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the third quarter worth about $25,000. Rosenberg Matthew Hamilton raised 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the 3rd quarter valued at approximately $47,000. FNY Investment Advisers LLC boosted its holdings in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of Crown Castle by 3,672.7% in the second quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 404 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE CCI opened at $90.67 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day moving average of $97.23 and a 200 day moving average of $105.67. The firm has a market cap of $39.40 billion, a PE ratio of 32.15 and a beta of 0.87. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle (NYSE:CCI) last released 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). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. As a group, research analysts predict that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.90%. Crown Castle’s payout ratio is currently 221.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted 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 Crown Castle from a “buy” rating to a “hold” rating and dropped their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Citigroup set a $128.00 price target on Crown Castle in a report on Thursday, October 17th. Finally, Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $117.00 to $104.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $113.00.

About Crown Castle

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.