Comprehensive Financial Consultants Institutional Inc. Raises Stake in Crown Castle Inc. (NYSE:CCI)

Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 6.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,645 shares of the real estate investment trust’s stock after purchasing an additional 463 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Crown Castle were worth $809,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCI. Dakota Community Bank & Trust NA increased its holdings in shares of Crown Castle by 4.2% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 90 shares during the period. Valley National Advisers Inc. increased 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 period. Pinnacle Bancorp Inc. increased its holdings in shares of Crown Castle by 17.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 677 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 100 shares during the period. Waterfront Wealth Inc. increased its holdings in shares of Crown Castle by 1.9% in the 4th quarter. Waterfront Wealth Inc. now owns 5,515 shares of the real estate investment trust’s stock worth $635,000 after acquiring an additional 101 shares during the period. Finally, Raleigh Capital Management Inc. grew its position 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 buying an additional 103 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. Wells Fargo & Company reduced their price target on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada reduced their price target on shares of Crown Castle from $109.00 to $100.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 7th. Jefferies Financial Group reduced 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 report on Thursday, April 18th. Finally, The Goldman Sachs Group started coverage on shares of Crown Castle in a research report on Monday, July 1st. They set a “neutral” rating and a $104.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.53.

Crown Castle Stock Performance

Shares of Crown Castle stock traded up $0.44 on Tuesday, reaching $97.06. The stock had a trading volume of 2,082,654 shares, compared to its average volume of 2,814,544. The business’s 50-day moving average price is $98.65 and its two-hundred day moving average price is $103.72. 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 fifty-two week low of $84.72 and a fifty-two week high of $119.50. The stock has a market cap of $42.17 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.55 and a beta of 0.83.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share 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 during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Crown Castle’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Crown Castle Inc. will post 6.62 EPS for the current year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Friday, June 14th. Crown Castle’s dividend payout ratio (DPR) is currently 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.