Crown Castle Inc. (NYSE:CCI) Holdings Raised by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lifted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,805 shares of the real estate investment trust’s stock after purchasing an additional 3,463 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Crown Castle were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Crown Castle in the second quarter worth about $1,203,000. Quest Partners LLC raised its position in Crown Castle by 3,672.7% in the second quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 404 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in Crown Castle in the second quarter worth about $236,000. Prosperity Consulting Group LLC raised its position in Crown Castle by 4.4% in the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 95 shares in the last quarter. Finally, Bcwm LLC raised its position in Crown Castle by 5.0% in the second quarter. Bcwm LLC now owns 46,712 shares of the real estate investment trust’s stock worth $4,564,000 after acquiring an additional 2,220 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCI has been the topic of several research reports. Wells Fargo & Company cut shares of Crown Castle from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $105.00 to $100.00 in a research report on Tuesday, December 10th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and dropped their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. UBS Group lifted their price target on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $117.00 to $104.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $113.00.

Crown Castle Trading Up 1.3 %

NYSE:CCI opened at $85.46 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock’s 50-day moving average is $98.01 and its two-hundred day moving average is $105.89. The stock has a market cap of $37.14 billion, a PE ratio of 30.31 and a beta of 0.87.

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

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 7.33%. Crown Castle’s payout ratio is 221.99%.

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.