Pathway Financial Advisers LLC Buys 22,941 Shares of Crown Castle Inc. (NYSE:CCI)

Pathway Financial Advisers LLC increased its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 592.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,810 shares of the real estate investment trust's stock after acquiring an additional 22,941 shares during the quarter. Pathway Financial Advisers LLC's holdings in Crown Castle were worth $3,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Crown Castle in the 1st quarter valued at approximately $27,000. Asset Dedication LLC boosted its stake in Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 167 shares during the period. Beacon Capital Management LLC grew its holdings in Crown Castle by 163.9% during the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 177 shares in the last quarter. New Millennium Group LLC bought a new stake in shares of Crown Castle during the second quarter valued at about $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Crown Castle in the second quarter worth about $34,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Down 2.3 %

Crown Castle stock traded down $2.54 during trading hours on Friday, reaching $108.91. The company had a trading volume of 1,873,838 shares, compared to its average volume of 2,637,974. The firm has a market cap of $47.33 billion, a price-to-earnings ratio of 38.62 and a beta of 0.85. Crown Castle Inc. has a 12-month low of $87.38 and a 12-month high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.43. The company has a 50-day moving average price of $114.05 and a 200 day moving average price of $105.41.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share 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 for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the previous year, the company earned $1.77 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. Equities analysts forecast that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 5.75%. The ex-dividend date was Friday, September 13th. Crown Castle's dividend payout ratio (DPR) is currently 221.99%.

Analyst Ratings Changes

Several analysts have issued reports on CCI shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crown Castle from $103.00 to $105.00 and gave the stock a "hold" rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group raised their price target on Crown Castle from $105.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. BMO Capital Markets upped their price objective on shares of Crown Castle from $105.00 to $108.00 and gave the stock a "market perform" rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted 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. Finally, Citigroup set a $128.00 price target on shares of Crown Castle in a report on Thursday, October 17th. Twelve equities 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, the company presently has a consensus rating of "Hold" and an average target price of $116.47.

Crown Castle Company 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.