TD Asset Management Inc Acquires 4,085 Shares of Crown Castle Inc. (NYSE:CCI)

TD Asset Management Inc raised its stake in shares of Crown Castle Inc. (NYSE:CCIFree Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,625 shares of the real estate investment trust’s stock after buying an additional 4,085 shares during the quarter. TD Asset Management Inc’s holdings in Crown Castle were worth $19,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in Crown Castle in the 3rd quarter valued at $30,000. Gables Capital Management Inc. boosted its position in shares of Crown Castle by 164.0% during the fourth quarter. Gables Capital Management Inc. now owns 264 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 164 shares during the last quarter. Valley National Advisers Inc. lifted its holdings 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 worth $33,000 after acquiring an additional 97 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Crown Castle by 126.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 174 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in Crown Castle by 43.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 113 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

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 research note on Friday, April 19th. Argus cut Crown Castle from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Barclays boosted their price objective on Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company cut their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.64.

Get Our Latest Report on CCI

Crown Castle Trading Up 2.9 %

Shares of Crown Castle stock opened at $102.50 on Monday. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $119.50. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The company’s 50-day simple moving average is $98.93 and its 200-day simple moving average is $106.38. The firm has a market cap of $44.54 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82.

Crown Castle (NYSE:CCIGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) 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 firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Crown Castle Inc. will post 6.58 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.26 annualized dividend and a yield of 6.11%. Crown Castle’s payout ratio is currently 195.63%.

Crown Castle Profile

(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.

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

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