Crown Castle Inc. (NYSE:CCI) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC reduced its stake in shares of Crown Castle Inc. (NYSE:CCI) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,551 shares of the real estate investment trust’s stock after selling 607 shares during the period. NTV Asset Management LLC’s holdings in Crown Castle were worth $755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCI. Valley National Advisers Inc. lifted its position 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 period. SRS Capital Advisors Inc. raised its position in shares of Crown Castle by 126.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 174 shares during the period. Operose Advisors LLC acquired a new position in shares of Crown Castle in the third quarter worth about $30,000. Rosenberg Matthew Hamilton raised its position in shares of Crown Castle by 43.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 113 shares during the period. Finally, HHM Wealth Advisors LLC raised its position in shares of Crown Castle by 154.8% in the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 240 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCI shares. Wells Fargo & Company decreased their price objective on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group decreased their price objective 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. BMO Capital Markets decreased their price objective on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada boosted their target price on shares of Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Crown Castle has an average rating of “Hold” and a consensus target price of $113.29.

Crown Castle Trading Up 1.0 %

NYSE CCI traded up $0.95 during trading hours on Friday, reaching $97.39. The company had a trading volume of 4,119,456 shares, compared to its average volume of 3,351,464. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. The stock has a market capitalization of $42.32 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The stock has a 50-day moving average of $102.38 and a 200 day moving average of $105.49. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $119.60.

Crown Castle (NYSE:CCI) last issued 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). 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 during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 6.43%. Crown Castle’s dividend payout ratio is presently 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.