Commerzbank Aktiengesellschaft FI Has $3.32 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Commerzbank Aktiengesellschaft FI decreased its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,007 shares of the real estate investment trust's stock after selling 6,030 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Crown Castle were worth $3,323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CCI. Pinnacle Bancorp Inc. boosted its holdings in Crown Castle by 13.0% during the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 90 shares during the last quarter. Pathway Financial Advisers LLC increased its position in shares of Crown Castle by 2.4% in the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust's stock valued at $376,000 after acquiring an additional 91 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in Crown Castle by 4.4% during the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust's stock worth $221,000 after acquiring an additional 95 shares in the last quarter. True North Advisors LLC boosted its position in Crown Castle by 4.2% during the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 95 shares during the last quarter. Finally, Granite Investment Partners LLC grew its stake in Crown Castle by 0.5% in the second quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust's stock valued at $1,899,000 after purchasing an additional 100 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCI shares. UBS Group upped their price objective on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Crown Castle from $100.00 to $104.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. TD Cowen lowered their price objective on shares of Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Finally, BMO Capital Markets boosted their price target on Crown Castle from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, July 18th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $116.47.

Crown Castle Trading Up 0.5 %

CCI stock opened at $110.28 on Wednesday. The company's 50-day simple moving average is $114.01 and its 200 day simple moving average is $105.26. Crown Castle Inc. has a 52 week low of $86.49 and a 52 week high of $120.92. 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 company has a market capitalization of $47.92 billion, a PE ratio of 38.93 and a beta of 0.85.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. As a group, sell-side analysts anticipate that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Friday, September 13th. Crown Castle's dividend payout ratio is 221.99%.

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.

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