Crown Castle Inc. (NYSE:CCI) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. lessened its holdings in Crown Castle Inc. (NYSE:CCI) by 52.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,418 shares of the real estate investment trust’s stock after selling 214,431 shares during the period. Natixis Advisors L.P.’s holdings in Crown Castle were worth $22,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCI. Operose Advisors LLC acquired a new position in shares of Crown Castle during the third quarter worth $30,000. Valley National Advisers Inc. lifted its position in Crown Castle by 51.1% in the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 97 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in Crown Castle by 154.8% in the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 240 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 43.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 113 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Crown Castle by 123.3% in the 3rd quarter. Larson Financial Group LLC now owns 480 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 265 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

Crown Castle stock opened at $97.39 on Monday. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $119.60. The stock has a market capitalization of $42.32 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.59 and a beta of 0.76. The firm’s 50-day moving average is $102.38 and its two-hundred day moving average is $105.49. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.42.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Equities analysts predict that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.565 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.43%. Crown Castle’s dividend payout ratio is currently 195.63%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CCI shares. Jefferies Financial Group decreased 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. BMO Capital Markets cut their price objective on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company lowered their target price on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Barclays raised their price target on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, April 23rd. Finally, Bank of America dropped their price objective on Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and four have given 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 price target of $113.29.

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.