AlphaCore Capital LLC Has $568,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

AlphaCore Capital LLC increased its holdings in Crown Castle Inc. (NYSE:CCI) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,784 shares of the real estate investment trust’s stock after purchasing an additional 446 shares during the quarter. AlphaCore Capital LLC’s holdings in Crown Castle were worth $568,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CCI. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle during the third quarter worth about $25,000. EntryPoint Capital LLC acquired a new position in Crown Castle in the first quarter valued at $27,000. Rosenberg Matthew Hamilton lifted its stake in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares during the period. Asset Dedication LLC grew its stake in Crown Castle by 159.0% during the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 167 shares during the period. Finally, Beacon Capital Management LLC grew its stake in Crown Castle by 163.9% during the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 177 shares during the period. 90.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CCI shares. The Goldman Sachs Group increased their price target on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Jefferies Financial Group raised their price target on shares of Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Wells Fargo & Company raised their target price on Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Barclays upped their price target on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Crown Castle currently has a consensus rating of “Hold” and a consensus price target of $116.87.

Crown Castle Trading Up 0.2 %

NYSE:CCI opened at $104.61 on Friday. Crown Castle Inc. has a 52 week low of $92.48 and a 52 week high of $120.92. The firm has a 50-day moving average price of $110.87 and a two-hundred day moving average price of $106.69. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 37.10 and a beta of 0.86.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. On average, equities analysts expect that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend payout ratio is 221.99%.

About Crown Castle

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.