Motley Fool Asset Management LLC Buys 802 Shares of Crown Castle Inc. (NYSE:CCI)

Motley Fool Asset Management LLC boosted its holdings in Crown Castle Inc. (NYSE:CCI) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,943 shares of the real estate investment trust’s stock after buying an additional 802 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Crown Castle were worth $1,376,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Operose Advisors LLC bought a new position in Crown Castle during the third quarter worth $30,000. Valley National Advisers Inc. raised its stake in Crown Castle by 51.1% in the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 97 shares during the period. HHM Wealth Advisors LLC grew its position in shares of Crown Castle by 154.8% in the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 240 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 113 shares during the period. Finally, Larson Financial Group LLC grew its position in Crown Castle by 123.3% during the third quarter. Larson Financial Group LLC now owns 480 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 265 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CCI shares. Barclays lifted their price target on shares of Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday. BMO Capital Markets dropped their target price on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company lowered their price target 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. Argus downgraded Crown Castle from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, Scotiabank lowered their price objective on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a research 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. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average price target of $113.29.

Crown Castle Trading Down 0.7 %

NYSE:CCI traded down $0.64 during mid-day trading on Friday, reaching $93.57. The company’s stock had a trading volume of 2,697,056 shares, compared to its average volume of 2,845,581. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $123.79. The company’s fifty day simple moving average is $103.65 and its two-hundred day simple moving average is $105.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a market cap of $40.66 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.54 and a beta of 0.73.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $1.91 EPS. The business’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts predict that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.565 per share. The ex-dividend date was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.69%. Crown Castle’s dividend payout ratio (DPR) is 195.63%.

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.