Win Advisors Inc. Takes Position in Crown Castle Inc. $CCI

Win Advisors Inc. acquired a new position in Crown Castle Inc. (NYSE:CCI) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,166 shares of the real estate investment trust’s stock, valued at approximately $1,077,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCI. Country Club Bank grew its position in shares of Crown Castle by 20.1% during the 3rd quarter. Country Club Bank now owns 70,778 shares of the real estate investment trust’s stock worth $6,808,000 after buying an additional 11,851 shares during the period. Cooke & Bieler LP boosted its stake in Crown Castle by 6.1% during the 3rd quarter. Cooke & Bieler LP now owns 2,419,034 shares of the real estate investment trust’s stock worth $233,413,000 after acquiring an additional 138,061 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Crown Castle by 15.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock valued at $6,847,000 after purchasing an additional 9,552 shares during the period. Miller Howard Investments Inc. NY bought a new stake in Crown Castle in the third quarter valued at approximately $2,578,000. Finally, AlphaCore Capital LLC increased its stake in Crown Castle by 213.8% in the second quarter. AlphaCore Capital LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $1,146,000 after purchasing an additional 7,598 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Crown Castle from $127.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. New Street Research cut Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a research note on Monday, January 5th. Barclays reaffirmed an “equal weight” rating and set a $101.00 price target (down previously from $104.00) on shares of Crown Castle in a research report on Monday, December 1st. Royal Bank Of Canada decreased their price objective on Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Finally, Citigroup dropped their target price on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.75.

Crown Castle Stock Performance

NYSE CCI opened at $86.82 on Monday. Crown Castle Inc. has a 52 week low of $83.21 and a 52 week high of $115.76. The stock’s 50 day moving average price is $88.19 and its two-hundred day moving average price is $94.56. The stock has a market capitalization of $37.81 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 0.57 and a beta of 0.96.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, December 15th. Crown Castle’s dividend payout ratio is presently -39.98%.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.