Personal CFO Solutions LLC Lowers Holdings in Crown Castle Inc. (NYSE:CCI)

Personal CFO Solutions LLC decreased its stake in Crown Castle Inc. (NYSE:CCIFree Report) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,806 shares of the real estate investment trust’s stock after selling 267 shares during the quarter. Personal CFO Solutions LLC’s holdings in Crown Castle were worth $323,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Water Island Capital LLC purchased a new position in shares of Crown Castle in the fourth quarter valued at approximately $703,000. Westwood Holdings Group Inc. increased its stake in Crown Castle by 117.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 234,235 shares of the real estate investment trust’s stock worth $26,982,000 after acquiring an additional 126,615 shares during the last quarter. Prudential PLC increased its stake in Crown Castle by 1.1% during the fourth quarter. Prudential PLC now owns 50,702 shares of the real estate investment trust’s stock worth $5,840,000 after acquiring an additional 564 shares during the last quarter. Vinva Investment Management Ltd boosted its position in shares of Crown Castle by 8.5% during the fourth quarter. Vinva Investment Management Ltd now owns 13,483 shares of the real estate investment trust’s stock worth $1,566,000 after buying an additional 1,053 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in Crown Castle during the 4th quarter worth about $267,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCI shares. Wells Fargo & Company decreased 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. Argus downgraded Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Barclays upped their price target on Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 23rd. Scotiabank cut their price target on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.64.

Get Our Latest Stock Analysis on CCI

Crown Castle Trading Down 0.7 %

CCI opened at $99.89 on Tuesday. Crown Castle Inc. has a one year low of $84.72 and a one year high of $119.50. The company has a market cap of $43.40 billion, a P/E ratio of 31.22, a PEG ratio of 2.68 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 simple moving average is $98.62 and its 200-day simple moving average is $106.30.

Crown Castle (NYSE:CCIGet Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $1.91 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Friday, June 14th. 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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