OneDigital Investment Advisors LLC Sells 109 Shares of Crown Castle Inc. (NYSE:CCI)

OneDigital Investment Advisors LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,534 shares of the real estate investment trust’s stock after selling 109 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Crown Castle were worth $775,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle during the 3rd quarter valued at approximately $25,000. EntryPoint Capital LLC bought a new position in Crown Castle during the first quarter valued at $27,000. Asset Dedication LLC increased its position in Crown Castle by 159.0% in the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 167 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 177 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America boosted their price objective on Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Citigroup set a $128.00 price target on shares of Crown Castle in a research report on Thursday, October 17th. TD Cowen dropped their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on Crown Castle from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle Trading Down 0.1 %

Shares of CCI opened at $104.45 on Wednesday. Crown Castle Inc. has a 1-year low of $92.48 and a 1-year high of $120.92. The company has a market capitalization of $45.39 billion, a P/E ratio of 37.04 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. The firm’s 50 day simple moving average is $111.48 and its 200 day simple moving average is $106.72.

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

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Friday, December 13th. Crown Castle’s payout ratio is currently 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.