Crown Castle Inc. (NYSE:CCI) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 42.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,832 shares of the real estate investment trust’s stock after buying an additional 5,878 shares during the quarter. Apollon Wealth Management LLC’s holdings in Crown Castle were worth $2,284,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $30,000. Valley National Advisers Inc. increased its stake 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 valued at $33,000 after purchasing an additional 97 shares during the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Crown Castle by 154.8% during the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 240 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Crown Castle by 126.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 174 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 113 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of a number of recent research reports. Bank of America cut their target price on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Scotiabank lowered their price objective on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft cut their target price 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. Jefferies Financial Group lowered their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada cut their price objective on shares of Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average target price of $112.64.

Crown Castle Price Performance

NYSE:CCI traded up $0.22 during midday trading on Tuesday, hitting $96.14. 3,120,169 shares of the stock were exchanged, compared to its average volume of 2,905,795. The business has a 50-day moving average price of $102.18 and a two-hundred day moving average price of $105.56. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.73. The company has a market capitalization of $41.77 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 2.59 and a beta of 0.76. Crown Castle Inc. has a one year low of $84.72 and a one year high of $119.60.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Sell-side analysts predict that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.51%. Crown Castle’s payout ratio is currently 195.63%.

About Crown Castle

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.