Crown Castle Inc. (NYSE:CCI) Director Jason Genrich Buys 99 Shares of Stock

Crown Castle Inc. (NYSE:CCI) Director Jason Genrich acquired 99 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average cost of $109.32 per share, with a total value of $10,822.68. Following the transaction, the director now owns 3,023 shares in the company, valued at $330,474.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jason Genrich also recently made the following trade(s):

• On Tuesday, April 2nd, Jason Genrich bought 18 shares of Crown Castle stock. The stock was bought at an average price of $103.17 per share, with a total value of $1,857.06.

Crown Castle Trading Down 1.5 %

Shares of Crown Castle stock opened at $95.92 on Tuesday. The business has a fifty day simple moving average of $102.18 and a 200-day simple moving average of $105.56. Crown Castle Inc. has a fifty-two week low of $84.72 and a fifty-two week high of $119.60. The firm has a market cap of $41.68 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. 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 issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 earnings per share. On average, equities analysts forecast that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.53%. Crown Castle’s dividend payout ratio is currently 195.63%.

Wall Street Analyst Weigh In

CCI has been the topic of several recent research reports. Bank of America cut their price target on Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, April 22nd. BMO Capital Markets dropped their price objective on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada boosted their target price on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Barclays raised their price target on shares of Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $113.29.

Institutional Investors Weigh In On Crown Castle

A number of institutional investors and hedge funds have recently modified their holdings of CCI. Dakota Community Bank & Trust NA boosted its position in shares of Crown Castle by 4.2% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 90 shares during the period. Valley National Advisers Inc. lifted its stake in 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 valued at $33,000 after buying an additional 97 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Crown Castle by 17.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 677 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 100 shares during the period. Waterfront Wealth Inc. increased its position in shares of Crown Castle by 1.9% in the fourth quarter. Waterfront Wealth Inc. now owns 5,515 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 101 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Crown Castle by 0.5% during the third quarter. Raleigh Capital Management Inc. now owns 18,986 shares of the real estate investment trust’s stock valued at $1,747,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.