V Square Quantitative Management LLC Has $899,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

V Square Quantitative Management LLC raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 25.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,499 shares of the real estate investment trust’s stock after acquiring an additional 1,709 shares during the quarter. V Square Quantitative Management LLC’s holdings in Crown Castle were worth $899,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CCI. Morgan Stanley raised its holdings in shares of Crown Castle by 8.9% during the 3rd quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock valued at $1,203,648,000 after purchasing an additional 1,064,382 shares in the last quarter. FMR LLC lifted its position in shares of Crown Castle by 14.3% in the third quarter. FMR LLC now owns 11,936,611 shares of the real estate investment trust’s stock worth $1,098,526,000 after buying an additional 1,496,330 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Crown Castle by 7.9% during the 4th quarter. Cohen & Steers Inc. now owns 11,375,567 shares of the real estate investment trust’s stock valued at $1,310,559,000 after acquiring an additional 834,198 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Crown Castle by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 11,260,932 shares of the real estate investment trust’s stock valued at $1,297,147,000 after acquiring an additional 1,126,394 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Crown Castle by 42.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,083,665 shares of the real estate investment trust’s stock worth $651,910,000 after purchasing an additional 2,121,603 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of CCI traded down $0.54 during mid-day trading on Wednesday, reaching $100.21. The company had a trading volume of 1,974,613 shares, compared to its average volume of 2,878,841. The company’s 50-day moving average is $99.71 and its 200-day moving average is $106.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $43.54 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.68 and a beta of 0.76. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $119.50.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (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 for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Crown Castle Inc. will post 6.58 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.25%. Crown Castle’s payout ratio is currently 195.63%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CCI shares. 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. Jefferies Financial Group decreased their target price on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada dropped their target price on shares of Crown Castle from $109.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 7th. Finally, BMO Capital Markets reduced their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.64.

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.