Tsfg LLC Boosts Holdings in Crown Castle Inc. (NYSE:CCI)

Tsfg LLC raised its stake in Crown Castle Inc. (NYSE:CCI) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 542 shares of the real estate investment trust’s stock after acquiring an additional 117 shares during the quarter. Tsfg LLC’s holdings in Crown Castle were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bill Few Associates Inc. grew its stake in shares of Crown Castle by 3.8% during the 3rd quarter. Bill Few Associates Inc. now owns 5,501 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 200 shares during the period. Applied Capital LLC FL lifted its holdings in Crown Castle by 39.2% during the third quarter. Applied Capital LLC FL now owns 11,063 shares of the real estate investment trust’s stock valued at $1,312,000 after purchasing an additional 3,114 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its position in Crown Castle by 11.3% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,748 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 280 shares during the period. Swedbank AB increased its stake in shares of Crown Castle by 0.4% in the third quarter. Swedbank AB now owns 248,150 shares of the real estate investment trust’s stock worth $29,438,000 after purchasing an additional 898 shares in the last quarter. Finally, CX Institutional raised its position in shares of Crown Castle by 11.5% in the third quarter. CX Institutional now owns 2,612 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 269 shares during the period. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCI. Royal Bank of Canada raised their price objective on shares of Crown Castle from $100.00 to $104.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. The Goldman Sachs Group boosted their price objective on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Barclays raised their target price on Crown Castle from $112.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen raised their price objective on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus target price of $115.86.

Insider Buying and Selling at Crown Castle

In other news, COO Michael Joseph Kavanagh sold 10,883 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $103.72, for a total transaction of $1,128,784.76. Following the completion of the sale, the chief operating officer now directly owns 75,127 shares in the company, valued at approximately $7,792,172.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Crown Castle Stock Up 1.3 %

Shares of NYSE CCI opened at $115.78 on Thursday. The stock has a market capitalization of $50.31 billion, a P/E ratio of 42.41 and a beta of 0.85. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.43 and a quick ratio of 0.43. Crown Castle Inc. has a one year low of $84.72 and a one year high of $120.92. The firm’s 50 day simple moving average is $113.98 and its two-hundred day simple moving average is $105.00.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Crown Castle had a return on equity of 19.20% and a net margin of 17.98%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, analysts expect that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Friday, September 13th. Crown Castle’s dividend payout ratio (DPR) is presently 229.30%.

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.