1,805 Shares in Crown Castle Inc. (NYSE:CCI) Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,805 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC lifted its stake in Crown Castle by 3,111.6% in the third quarter. Quest Partners LLC now owns 13,328 shares of the real estate investment trust’s stock worth $1,581,000 after acquiring an additional 12,913 shares during the last quarter. TrinityPoint Wealth LLC acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $255,000. Swiss National Bank raised its holdings in shares of Crown Castle by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,289,700 shares of the real estate investment trust’s stock valued at $152,997,000 after purchasing an additional 3,300 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Crown Castle by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,059,300 shares of the real estate investment trust’s stock worth $125,665,000 after purchasing an additional 77,135 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Crown Castle by 15.0% during the third quarter. Natixis Advisors LLC now owns 391,514 shares of the real estate investment trust’s stock worth $46,445,000 after purchasing an additional 51,006 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group lifted their price target on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Crown Castle from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Bank of America lifted their price target on shares of Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a research note on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.87.

Crown Castle Stock Up 0.9 %

Shares of NYSE CCI opened at $103.80 on Monday. The firm’s 50-day moving average is $112.05 and its two-hundred day moving average is $106.61. The company has a market capitalization of $45.11 billion, a PE ratio of 36.81 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 company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

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

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th 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 6.03%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s payout ratio is currently 221.99%.

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.