Kestra Private Wealth Services LLC Buys 607 Shares of Crown Castle Inc. (NYSE:CCI)

Kestra Private Wealth Services LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,595 shares of the real estate investment trust’s stock after purchasing an additional 607 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Crown Castle were worth $644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in shares of Crown Castle during the 3rd quarter worth about $30,000. Valley National Advisers Inc. lifted its holdings in shares of Crown Castle by 51.1% during the fourth 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 boosted 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 acquiring an additional 240 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Crown Castle by 43.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 113 shares during the last quarter. Finally, Larson Financial Group LLC increased 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 acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCI shares. Argus lowered shares of Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Wells Fargo & Company decreased their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Barclays upped their price target on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, April 23rd. BMO Capital Markets decreased their price objective 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. Finally, Jefferies Financial Group cut their target price on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $113.29.

Crown Castle Trading Up 1.0 %

Shares of Crown Castle stock opened at $97.39 on Monday. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $119.60. The stock has a market capitalization of $42.32 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The company has a 50-day simple moving average of $102.38 and a 200 day simple moving average of $105.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 EPS. Research analysts expect that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 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.