AJOVista LLC Buys Shares of 1,603 Crown Castle Inc. (NYSE:CCI)

AJOVista LLC purchased a new position in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,603 shares of the real estate investment trust’s stock, valued at approximately $185,000.

A number of other large investors also recently modified their holdings of CCI. Dakota Community Bank & Trust NA raised its stake in Crown Castle by 4.2% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 90 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of 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 buying an additional 97 shares during the period. Pinnacle Bancorp Inc. grew its position in Crown Castle by 17.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 677 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 100 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Crown Castle by 1.9% during the fourth quarter. Waterfront Wealth Inc. now owns 5,515 shares of the real estate investment trust’s stock valued at $635,000 after acquiring an additional 101 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in Crown Castle by 0.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 18,986 shares of the real estate investment trust’s stock valued at $1,747,000 after acquiring an additional 103 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CCI shares. Wells Fargo & Company decreased their price objective on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Argus lowered shares of Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Barclays raised their price objective on shares of Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 23rd. Bank of America lowered their target price on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Jefferies Financial Group cut their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.29.

Crown Castle Trading Up 1.0 %

CCI stock traded up $0.95 during trading on Friday, hitting $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 quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. Crown Castle Inc. has a 12 month low of $84.72 and a 12 month high of $119.60. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.57 and a beta of 0.76. The firm has a 50-day moving average price of $102.38 and a 200-day moving average price of $105.30.

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 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $1.91 EPS. Crown Castle’s revenue was down 7.4% on a year-over-year basis. As a group, analysts predict that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $1.565 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.43%. Crown Castle’s dividend payout ratio is 195.63%.

Crown Castle 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.