Crown Castle Inc. (NYSE:CCI) Stock Holdings Trimmed by Atria Investments Inc

Atria Investments Inc decreased its position in Crown Castle Inc. (NYSE:CCI) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 50,749 shares of the real estate investment trust’s stock after selling 3,706 shares during the period. Atria Investments Inc’s holdings in Crown Castle were worth $6,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after purchasing an additional 31,319 shares during the period. BOKF NA boosted its holdings in shares of Crown Castle by 25.6% in the 1st quarter. BOKF NA now owns 4,004 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 815 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Crown Castle by 30.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 35,805 shares of the real estate investment trust’s stock valued at $3,789,000 after buying an additional 8,346 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Crown Castle by 21.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 517,964 shares of the real estate investment trust’s stock valued at $54,816,000 after buying an additional 91,404 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in Crown Castle by 23.8% during the second quarter. OLD National Bancorp IN now owns 91,118 shares of the real estate investment trust’s stock worth $8,902,000 after acquiring an additional 17,529 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $104.10 on Tuesday. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 36.92 and a beta of 0.86. 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 12 month low of $92.48 and a 12 month high of $120.92. The stock’s 50 day moving average price is $113.12 and its 200 day moving average price is $106.30.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data 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). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that Crown Castle Inc. will post 6.65 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, December 13th. Crown Castle’s dividend payout ratio is presently 221.99%.

Analyst Ratings Changes

CCI has been the subject of several recent research reports. Barclays upped their target price on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Bank of America upped their price objective on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Finally, UBS Group lifted their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.87.

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.