U.S. Capital Wealth Advisors LLC Acquires 39,805 Shares of Crown Castle Inc. (NYSE:CCI)

U.S. Capital Wealth Advisors LLC increased its holdings in Crown Castle Inc. (NYSE:CCI) by 214.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,358 shares of the real estate investment trust’s stock after purchasing an additional 39,805 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Crown Castle were worth $6,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Operose Advisors LLC bought a new stake in Crown Castle during the third quarter valued at about $30,000. Valley National Advisers Inc. boosted its holdings in Crown Castle by 51.1% during the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 97 shares during the period. HHM Wealth Advisors LLC boosted its holdings in Crown Castle by 154.8% during the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 240 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Crown Castle by 126.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 312 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 174 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in Crown Castle by 43.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 113 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets decreased 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. Jefferies Financial Group cut their price objective 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. Bank of America cut 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. Barclays upped their price objective on shares of Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut 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. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.29.

Crown Castle Price Performance

NYSE:CCI traded up $0.95 during mid-day trading on Friday, hitting $97.39. The company’s stock had a trading volume of 4,119,456 shares, compared to its average volume of 3,351,464. Crown Castle Inc. has a fifty-two week low of $84.72 and a fifty-two week high of $119.60. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 2.59 and a beta of 0.76. The stock has a fifty day moving average of $102.38 and a 200-day moving average of $105.30.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 EPS. As a group, equities analysts forecast that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s payout ratio is 195.63%.

Crown Castle Company 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.