Syon Capital LLC Grows Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Syon Capital LLC increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,005 shares of the real estate investment trust’s stock after purchasing an additional 294 shares during the period. Syon Capital LLC’s holdings in Crown Castle were worth $346,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCI. Operose Advisors LLC acquired a new stake in shares of Crown Castle during the 3rd quarter worth about $30,000. Valley National Advisers Inc. increased its stake in Crown Castle by 51.1% in 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 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 in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 43.6% during 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 last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Crown Castle by 123.3% in the 3rd quarter. Larson Financial Group LLC now owns 480 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCI. Deutsche Bank Aktiengesellschaft decreased 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 note on Monday, April 22nd. BMO Capital Markets dropped their price objective on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company dropped their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Scotiabank dropped their price objective on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Finally, Jefferies Financial Group reduced their target price on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus price target of $113.29.

Crown Castle Stock Performance

NYSE:CCI opened at $93.58 on Friday. The company has a market cap of $40.66 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.49 and a beta of 0.73. The firm’s 50 day moving average is $103.65 and its two-hundred day moving average is $105.34. Crown Castle Inc. has a fifty-two week low of $84.72 and a fifty-two week high of $123.79. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73.

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

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 195.63%.

Crown Castle Company Profile

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.