Pathway Financial Advisers LLC Boosts Stake in Crown Castle Inc. (NYSE:CCI)

Pathway Financial Advisers LLC lifted its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 592.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,810 shares of the real estate investment trust's stock after buying an additional 22,941 shares during the quarter. Pathway Financial Advisers LLC's holdings in Crown Castle were worth $3,180,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $27,000. Asset Dedication LLC raised its position in shares of 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 acquiring an additional 167 shares in the last quarter. Beacon Capital Management LLC raised its holdings in Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 177 shares in the last quarter. ORG Partners LLC purchased a new position in Crown Castle during the second quarter valued at $34,000. Finally, New Millennium Group LLC purchased a new position in shares of Crown Castle during the second quarter valued at approximately $34,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Up 1.1 %

Shares of CCI traded up $1.20 during mid-day trading on Wednesday, reaching $107.81. 2,233,999 shares of the company's stock traded hands, compared to its average volume of 2,628,556. Crown Castle Inc. has a 12 month low of $90.81 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 stock has a market cap of $46.85 billion, a P/E ratio of 38.23 and a beta of 0.85. The stock's 50-day moving average is $113.93 and its two-hundred day moving average is $105.65.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($1.03). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 earnings per share. Research analysts forecast that Crown Castle Inc. will post 6.65 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Friday, September 13th. Crown Castle's payout ratio is 221.99%.

Analysts Set New Price Targets

CCI has been the topic of several analyst reports. Bank of America upped their target price on shares of Crown Castle from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Citigroup set a $128.00 price target on Crown Castle in a research note on Thursday, October 17th. BMO Capital Markets upped their target price on shares of Crown Castle from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, July 18th. Royal Bank of Canada lifted their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, UBS Group raised their target price on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Crown Castle has an average rating of "Hold" and a consensus target price of $116.80.

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.