J.W. Cole Advisors Inc. Has $428,000 Position in Crown Castle Inc. (NYSE:CCI)

J.W. Cole Advisors Inc. lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,718 shares of the real estate investment trust’s stock after acquiring an additional 201 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Crown Castle were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCI. United Services Automobile Association boosted its position in Crown Castle by 23.1% during the third quarter. United Services Automobile Association now owns 13,411 shares of the real estate investment trust’s stock valued at $1,234,000 after purchasing an additional 2,516 shares during the last quarter. Court Place Advisors LLC acquired a new stake in shares of Crown Castle during the 4th quarter valued at $201,000. Van ECK Associates Corp boosted its holdings in shares of Crown Castle by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 117,914 shares of the real estate investment trust’s stock valued at $10,852,000 after acquiring an additional 542 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Crown Castle by 8,611.0% during the 4th quarter. International Assets Investment Management LLC now owns 703,236 shares of the real estate investment trust’s stock valued at $81,006,000 after acquiring an additional 695,163 shares in the last quarter. Finally, Manning & Napier Group LLC acquired a new stake in shares of Crown Castle during the 4th quarter valued at $5,005,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on Crown Castle from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday. Barclays boosted their target price on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company decreased their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group cut their price target on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Scotiabank cut their price target on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.29.

Crown Castle Stock Performance

NYSE CCI opened at $95.47 on Wednesday. The company has a 50-day simple moving average of $104.43 and a two-hundred day simple moving average of $105.40. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $128.27. The firm has a market cap of $41.48 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.53 and a beta of 0.73.

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

Crown Castle Dividend Announcement

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

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.