4,370 Shares in Crown Castle Inc. (NYSE:CCI) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,370 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Other large investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in Crown Castle by 4,097.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,524,226 shares of the real estate investment trust’s stock worth $246,617,000 after acquiring an additional 2,464,094 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Crown Castle by 191.7% in the second quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust’s stock worth $195,183,000 after buying an additional 1,335,644 shares during the last quarter. Cooke & Bieler LP increased its position in shares of Crown Castle by 95.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock worth $251,962,000 after purchasing an additional 1,261,536 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Crown Castle by 13,271.6% in the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after purchasing an additional 965,907 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Crown Castle by 10.7% in the 2nd quarter. National Bank of Canada FI now owns 4,035,561 shares of the real estate investment trust’s stock valued at $387,333,000 after acquiring an additional 391,127 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the topic of a number of research reports. Royal Bank of Canada increased their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Jefferies Financial Group raised their price objective on shares of Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price target on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Crown Castle currently has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle Stock Down 0.4 %

Shares of CCI opened at $106.25 on Monday. The firm has a market capitalization of $46.18 billion, a P/E ratio of 37.68 and a beta of 0.86. Crown Castle Inc. has a 52 week low of $92.48 and a 52 week high of $120.92. The company has a 50-day simple moving average of $109.48 and a 200-day simple moving average of $107.09. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts expect that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

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.