NEOS Investment Management LLC Has $707,000 Holdings in Crown Castle Inc. (NYSE:CCI)

NEOS Investment Management LLC boosted its position in Crown Castle Inc. (NYSE:CCIFree Report) by 37.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,142 shares of the real estate investment trust’s stock after acquiring an additional 1,671 shares during the quarter. NEOS Investment Management LLC’s holdings in Crown Castle were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in Crown Castle in the 4th quarter valued at $246,000. KBC Group NV grew its stake in Crown Castle by 59.9% in the 4th quarter. KBC Group NV now owns 115,761 shares of the real estate investment trust’s stock valued at $13,335,000 after buying an additional 43,385 shares during the last quarter. California State Teachers Retirement System grew its stake in Crown Castle by 1.6% in the 4th quarter. California State Teachers Retirement System now owns 706,803 shares of the real estate investment trust’s stock valued at $81,417,000 after buying an additional 11,414 shares during the last quarter. United Community Bank grew its stake in Crown Castle by 28.1% in the 4th quarter. United Community Bank now owns 615 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 135 shares during the last quarter. Finally, GM Advisory Group LLC acquired a new position in Crown Castle in the 4th quarter valued at $248,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE CCI traded up $0.17 during trading on Tuesday, reaching $103.28. The company had a trading volume of 846,818 shares, compared to its average volume of 2,831,685. Crown Castle Inc. has a 52 week low of $84.72 and a 52 week high of $119.50. The stock has a market cap of $44.88 billion, a PE ratio of 32.13, a PEG ratio of 2.73 and a beta of 0.82. 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 business’s 50 day moving average price is $98.93 and its 200-day moving average price is $106.37.

Crown Castle (NYSE:CCIGet Free Report) last announced its 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). Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. Analysts expect that Crown Castle Inc. will post 6.58 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Friday, June 14th. Crown Castle’s dividend payout ratio (DPR) is 195.63%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Bank of America reduced their price target on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Jefferies Financial Group reduced their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Barclays increased their price target on shares of Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, April 23rd. Finally, Argus downgraded shares of Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and an average price target of $112.64.

Check Out Our Latest Stock Report on CCI

About Crown Castle

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle Inc. (NYSE:CCIFree Report).

Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

Receive News & Ratings for Crown Castle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle and related companies with MarketBeat.com's FREE daily email newsletter.