Court Place Advisors LLC Makes New $201,000 Investment in Crown Castle Inc. (NYSE:CCI)

Court Place Advisors LLC acquired a new position in Crown Castle Inc. (NYSE:CCI) in the 4th quarter, Holdings Channel reports. The firm acquired 1,741 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Crown Castle in the 3rd quarter worth about $28,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of Crown Castle in the 2nd quarter worth about $29,000. Riverview Trust Co grew its position in shares of Crown Castle by 108.5% in the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 140 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Crown Castle during the 4th quarter valued at about $37,000. Finally, Valley National Advisers Inc. grew its position in Crown Castle by 51.1% during the 4th 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. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 1.2 %

NYSE CCI traded up $1.09 on Thursday, hitting $94.14. 517,318 shares of the stock were exchanged, compared to its average volume of 2,747,826. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a fifty day moving average price of $105.41 and a two-hundred day moving average price of $105.15. The firm has a market capitalization of $40.91 billion, a P/E ratio of 26.89, a P/E/G ratio of 2.50 and a beta of 0.73. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $134.09.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a return on equity of 21.95% and a net margin of 21.47%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 earnings per share. Research analysts forecast 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 was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.65%. The ex-dividend date was Thursday, March 14th. Crown Castle’s payout ratio is 180.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCI shares. BMO Capital Markets decreased their target price on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Crown Castle has a consensus rating of “Hold” and an average price target of $118.57.

Crown Castle 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.