Crown Castle Inc. (NYSE:CCI) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division cut its stake in Crown Castle Inc. (NYSE:CCI – Get Rating) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,395 shares of the real estate investment trust’s stock after selling 191 shares during the period. Moody National Bank Trust Division’s holdings in Crown Castle were worth $1,274,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management increased its position in shares of Crown Castle by 847.4% in the 3rd quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 161 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in Crown Castle during the third quarter valued at approximately $28,000. Johnson Financial Group Inc. lifted its holdings in Crown Castle by 210.8% during the 2nd quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 156 shares during the last quarter. Webster Bank N. A. grew its position in shares of Crown Castle by 111.1% in the 3rd quarter. Webster Bank N. A. now owns 380 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 200 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Crown Castle by 40.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 385 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 111 shares in the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CCI shares. StockNews.com assumed coverage on Crown Castle in a research note on Thursday. They set a “hold” rating on the stock. Cowen lifted their price target on shares of Crown Castle from $149.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Royal Bank of Canada boosted their price objective on shares of Crown Castle from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Tuesday, January 31st. Truist Financial cut their target price on shares of Crown Castle from $230.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Finally, Barclays upped their target price on Crown Castle from $152.00 to $153.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.36.

Crown Castle Trading Down 1.7 %

NYSE:CCI opened at $130.26 on Friday. The stock has a market cap of $56.46 billion, a price-to-earnings ratio of 33.75 and a beta of 0.65. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.45 and a current ratio of 0.45. Crown Castle Inc. has a 1 year low of $121.71 and a 1 year high of $199.97. The business has a fifty day moving average of $140.04 and a 200-day moving average of $141.55.

Crown Castle (NYSE:CCI – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.83). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Crown Castle had a return on equity of 21.58% and a net margin of 23.96%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 EPS. Equities analysts predict that Crown Castle Inc. will post 7.26 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a dividend of $1.565 per share. The ex-dividend date is Tuesday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 4.81%. Crown Castle’s dividend payout ratio is presently 162.18%.

Crown Castle Company Profile

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the Towers and Fiber segments. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.