Everpar Advisors LLC Invests $510,000 in Crown Castle Inc. (NYSE:CCI)

Everpar Advisors LLC acquired a new position in Crown Castle Inc. (NYSE:CCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,427 shares of the real estate investment trust’s stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Operose Advisors LLC bought a new position in Crown Castle during the third quarter valued at $30,000. Valley National Advisers Inc. lifted its holdings in shares of Crown Castle by 51.1% in the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in Crown Castle by 154.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 240 shares during the period. SRS Capital Advisors Inc. increased its stake in 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 period. Finally, Rosenberg Matthew Hamilton increased its stake in Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 113 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCI has been the topic of a number of analyst reports. Argus downgraded shares of Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Scotiabank dropped their price objective on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. BMO Capital Markets lowered their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada lowered their price target on shares of Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and a consensus target price of $112.64.

Crown Castle Trading Up 0.2 %

Shares of NYSE:CCI traded up $0.22 during trading on Tuesday, reaching $96.14. 3,120,169 shares of the stock were exchanged, compared to its average volume of 2,905,795. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.42 and a current ratio of 0.42. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $119.60. The firm has a market cap of $41.77 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The firm’s 50-day moving average price is $101.99 and its 200 day moving average price is $105.63.

Crown Castle (NYSE:CCI) last released its earnings results 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 business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.91 earnings per share. On average, sell-side analysts anticipate that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

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