Crown Castle Inc. (NYSE:CCI) Stock Holdings Boosted by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lifted its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,511 shares of the real estate investment trust's stock after purchasing an additional 5,554 shares during the quarter. Crestwood Advisors Group LLC owned about 0.06% of Crown Castle worth $28,531,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its holdings 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 during the last quarter. M&G Plc purchased a new stake in Crown Castle during the first quarter valued at about $221,573,000. Bank of Montreal Can boosted its holdings in Crown Castle by 191.7% in the 2nd 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 period. Cooke & Bieler LP raised its stake in shares of Crown Castle by 95.8% during the 2nd quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust's stock valued at $251,962,000 after purchasing an additional 1,261,536 shares during the period. Finally, Capital International Investors increased its holdings in Crown Castle by 68,262.1% during the 1st quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust's stock worth $131,239,000 after acquiring an additional 1,238,274 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCI shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Crown Castle from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Tuesday, July 23rd. BMO Capital Markets raised their price target on Crown Castle from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, July 18th. Jefferies Financial Group upped their price target on Crown Castle from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group increased their target price on Crown Castle from $105.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $116.87.

Crown Castle Stock Performance

NYSE CCI traded up $0.35 during trading hours on Tuesday, hitting $108.71. The company had a trading volume of 2,142,236 shares, compared to its average volume of 2,615,107. The company has a market cap of $47.25 billion, a PE ratio of 38.55 and a beta of 0.86. 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 Inc. has a 1-year low of $92.48 and a 1-year high of $120.92. The business has a 50 day moving average of $113.59 and a 200-day moving average of $106.11.

Crown Castle (NYSE:CCI - Get Free Report) last issued its 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). The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations 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 was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. As a group, equities research analysts expect that Crown Castle Inc. will post 6.65 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $1.565 dividend. The ex-dividend date was Friday, September 13th. This represents a $6.26 annualized dividend and a yield of 5.76%. Crown Castle's payout ratio is currently 221.99%.

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.