White Knight Strategic Wealth Advisors LLC Has $656,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

White Knight Strategic Wealth Advisors LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,534 shares of the real estate investment trust’s stock after purchasing an additional 146 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Crown Castle were worth $656,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new position in Crown Castle during the third quarter valued at approximately $25,000. Asset Dedication LLC lifted its position in shares of Crown Castle by 159.0% in the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 167 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of 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 buying an additional 136 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Crown Castle in the second quarter valued at approximately $34,000. Finally, New Millennium Group LLC acquired a new stake in shares of Crown Castle in the second quarter valued at approximately $34,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CCI shares. Bank of America raised their price objective on Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group increased their target price on Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average price target of $116.87.

Crown Castle Stock Down 0.4 %

Shares of CCI opened at $106.25 on Friday. The company has a market capitalization of $46.18 billion, a PE ratio of 37.68 and a beta of 0.86. Crown Castle Inc. has a 12 month low of $92.48 and a 12 month high of $120.92. The stock’s 50-day moving average price is $109.48 and its two-hundred day moving average price is $107.02. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. On average, analysts anticipate that Crown Castle Inc. will post 6.66 EPS for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s payout ratio is presently 221.99%.

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.