Vinva Investment Management Ltd Boosts Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Vinva Investment Management Ltd grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,932 shares of the real estate investment trust’s stock after purchasing an additional 2,193 shares during the quarter. Vinva Investment Management Ltd’s holdings in Crown Castle were worth $2,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in shares of Crown Castle by 13.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 90 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 91 shares during the period. Prosperity Consulting Group LLC grew its stake in Crown Castle by 4.4% in the 2nd quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 95 shares during the period. True North Advisors LLC grew its stake in Crown Castle by 4.2% in the 3rd quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 95 shares during the period. Finally, Granite Investment Partners LLC grew its stake in Crown Castle by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock valued at $1,899,000 after acquiring an additional 100 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.4 %

Shares of CCI stock opened at $106.70 on Friday. The company’s 50-day moving average price is $109.66 and its 200-day moving average price is $106.98. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 37.84 and a beta of 0.86. Crown Castle Inc. has a twelve month low of $92.48 and a twelve month high of $120.92.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results 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). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company’s 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 analysts predict that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $1.565 per share. The ex-dividend date is Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 5.87%. Crown Castle’s payout ratio is 221.99%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCI. Wells Fargo & Company lifted their price target on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target 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. Barclays lifted their price target on shares of Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average target price of $116.87.

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.