Childress Capital Advisors LLC Sells 938 Shares of Crown Castle Inc. (NYSE:CCI)

Childress Capital Advisors LLC lowered its position in Crown Castle Inc. (NYSE:CCI) by 17.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,433 shares of the real estate investment trust’s stock after selling 938 shares during the quarter. Childress Capital Advisors LLC’s holdings in Crown Castle were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CCI. EntryPoint Capital LLC bought a new position in shares of Crown Castle during the first quarter valued at $27,000. Asset Dedication LLC lifted its holdings in Crown Castle by 159.0% during the 2nd 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 period. Beacon Capital Management LLC grew its position in shares of Crown Castle by 163.9% in the 1st 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 last quarter. New Millennium Group LLC acquired a new stake in shares of Crown Castle in the second quarter valued at about $34,000. Finally, ORG Partners LLC bought a new position in shares of Crown Castle during the second quarter worth about $34,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

CCI stock opened at $106.61 on Wednesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.43 and a current ratio of 0.54. The business has a 50-day simple moving average of $113.97 and a two-hundred day simple moving average of $105.64. The company has a market capitalization of $46.33 billion, a P/E ratio of 37.81 and a beta of 0.85. Crown Castle Inc. has a 52-week low of $88.61 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $1.77 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Research 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. Investors of record on Friday, September 13th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 5.87%. The ex-dividend date was Friday, September 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCI. BMO Capital Markets increased their target price on shares of Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, July 18th. Jefferies Financial Group lifted their target price on shares of Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Citigroup set a $128.00 price objective on Crown Castle in a research note on Thursday, October 17th. Finally, 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. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $116.80.

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.