PDS Planning Inc Has $258,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

PDS Planning Inc lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,236 shares of the real estate investment trust’s stock after selling 173 shares during the period. PDS Planning Inc’s holdings in Crown Castle were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CCI. The Manufacturers Life Insurance Company lifted its holdings in shares of Crown Castle by 42.8% during the third quarter. The Manufacturers Life Insurance Company now owns 7,083,665 shares of the real estate investment trust’s stock worth $651,910,000 after purchasing an additional 2,121,603 shares during the period. Barclays PLC lifted its holdings in shares of Crown Castle by 217.9% during the third quarter. Barclays PLC now owns 3,058,133 shares of the real estate investment trust’s stock worth $281,439,000 after purchasing an additional 2,096,272 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Crown Castle by 21.9% during the third quarter. Wellington Management Group LLP now owns 10,134,538 shares of the real estate investment trust’s stock worth $932,682,000 after purchasing an additional 1,818,910 shares during the period. FMR LLC lifted its holdings in shares of Crown Castle by 14.3% during the third quarter. FMR LLC now owns 11,936,611 shares of the real estate investment trust’s stock worth $1,098,526,000 after purchasing an additional 1,496,330 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Crown Castle by 8.9% during the third quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock worth $1,203,648,000 after purchasing an additional 1,064,382 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCI shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday. Bank of America lowered their target price on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. BMO Capital Markets lowered their target price on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Barclays lifted their target price on shares of Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered their target price on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.29.

Crown Castle Trading Up 0.4 %

CCI opened at $95.47 on Wednesday. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $128.27. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. The company has a market cap of $41.48 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.73. The company has a fifty day moving average price of $104.43 and a two-hundred day moving average price of $105.40.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $1.91 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts predict that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 195.63%.

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.