Crown Castle Inc. (NYSE:CCI) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 9.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,230 shares of the real estate investment trust’s stock after selling 4,601 shares during the period. Brown Advisory Inc.’s holdings in Crown Castle were worth $5,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC purchased a new position in Crown Castle during the 3rd quarter worth approximately $30,000. Gables Capital Management Inc. grew its stake in Crown Castle by 164.0% during the 4th quarter. Gables Capital Management Inc. now owns 264 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Valley National Advisers Inc. grew its stake in Crown Castle by 51.1% during the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 97 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in Crown Castle by 154.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 240 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Crown Castle by 126.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.5 %

CCI opened at $100.21 on Thursday. The business’s fifty day moving average is $99.71 and its two-hundred day moving average is $106.25. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $43.54 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.69 and a beta of 0.76. Crown Castle Inc. has a one year low of $84.72 and a one year high of $119.50.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. Analysts anticipate that Crown Castle Inc. will post 6.58 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.25%. Crown Castle’s dividend payout ratio is currently 195.63%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCI. Royal Bank of Canada dropped their price target on Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. Bank of America dropped their target price on Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Wells Fargo & Company dropped their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Barclays boosted their target price on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets dropped their target price on Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $112.64.

Crown Castle 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.