Avalon Trust Co Has $117,000 Stake in Crown Castle Inc. (NYSE:CCI)

Avalon Trust Co raised its holdings in Crown Castle Inc. (NYSE:CCI) by 40.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,020 shares of the real estate investment trust’s stock after buying an additional 293 shares during the quarter. Avalon Trust Co’s holdings in Crown Castle were worth $117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Operose Advisors LLC acquired a new position in Crown Castle during the third quarter worth $30,000. Valley National Advisers Inc. boosted 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 in the last quarter. HHM Wealth Advisors LLC grew its position in Crown Castle by 154.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 240 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Crown Castle by 126.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 174 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CCI shares. BMO Capital Markets lowered their target price on Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Scotiabank reduced their target price on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Bank of America dropped their price objective on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada lifted their price objective on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Finally, Argus cut shares of Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and a consensus price target of $113.29.

Crown Castle Stock Up 1.0 %

Shares of Crown Castle stock traded up $0.95 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. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $119.60. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a 50-day moving average of $102.38 and a 200-day moving average of $105.49. The firm has a market capitalization of $42.32 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.59 and a beta of 0.76.

Crown Castle (NYSE:CCI) last released its quarterly earnings results 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). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. Research analysts predict that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Thursday, March 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.