Dynamic Advisor Solutions LLC Has $401,000 Stake in Crown Castle Inc. (NYSE:CCI)

Dynamic Advisor Solutions LLC trimmed its stake in Crown Castle Inc. (NYSE:CCI) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,850 shares of the real estate investment trust’s stock after selling 492 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Crown Castle were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCI. Twin Tree Management LP acquired a new stake in Crown Castle in the 4th quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Crown Castle in the 1st quarter worth $26,000. American National Bank & Trust acquired a new stake in shares of Crown Castle during the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC boosted its position in shares of Crown Castle by 62.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Crown Castle during the 4th quarter valued at about $38,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on CCI shares. KeyCorp lifted their target price on shares of Crown Castle from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Bank of America started coverage on shares of Crown Castle in a research report on Monday, May 19th. They set a “buy” rating and a $115.00 target price on the stock. Scotiabank lifted their target price on shares of Crown Castle from $99.00 to $109.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Crown Castle in a research report on Tuesday, March 25th. Finally, UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.71.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.72, for a total value of $384,192.00. Following the completion of the sale, the vice president now owns 6,465 shares of the company’s stock, valued at approximately $689,944.80. This represents a 35.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the transaction, the executive vice president now owns 20,528 shares of the company’s stock, valued at $2,183,563.36. This trade represents a 28.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,600 shares of company stock valued at $3,362,752. Corporate insiders own 0.10% of the company’s stock.

Crown Castle Trading Up 0.5%

CCI opened at $99.28 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $43.23 billion, a price-to-earnings ratio of -9.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.88. The firm has a 50 day simple moving average of $101.31 and a 200 day simple moving average of $96.74. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a negative net margin of 78.12% and a negative return on equity of 164.40%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.28%. The ex-dividend date is Friday, June 13th. Crown Castle’s payout ratio is presently -39.50%.

Crown Castle Company Profile

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.