Mosley Wealth Management Acquires New Shares in Crown Castle Inc. (NYSE:CCI)

Mosley Wealth Management acquired a new stake in Crown Castle Inc. (NYSE:CCIFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,745 shares of the real estate investment trust’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gables Capital Management Inc. grew its stake in Crown Castle by 164.0% in the fourth quarter. Gables Capital Management Inc. now owns 264 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Valley National Advisers Inc. grew its stake in Crown Castle by 51.1% in the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 97 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Crown Castle by 126.1% in the fourth 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 last quarter. Operose Advisors LLC purchased a new position in Crown Castle in the third quarter valued at about $30,000. Finally, Rosenberg Matthew Hamilton grew its stake in Crown Castle by 43.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 113 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on CCI shares. Royal Bank of Canada cut their target price on Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. 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. Bank of America cut their target price 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. Barclays boosted their price target 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, Scotiabank dropped their price target on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and an average target price of $112.64.

View Our Latest Analysis on Crown Castle

Crown Castle Price Performance

Shares of NYSE CCI opened at $100.62 on Monday. The business’s 50 day moving average price is $98.71 and its 200 day moving average price is $106.32. The firm has a market cap of $43.72 billion, a P/E ratio of 31.44, a P/E/G ratio of 2.68 and a beta of 0.82. 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.

Crown Castle (NYSE:CCIGet Free Report) last issued its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, sell-side analysts expect that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date is Friday, June 14th. Crown Castle’s payout ratio is presently 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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