Crown Castle Inc. (NYSE:CCI) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 3,111.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,328 shares of the real estate investment trust's stock after purchasing an additional 12,913 shares during the quarter. Quest Partners LLC's holdings in Crown Castle were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CCI. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC purchased a new position in Crown Castle during the 1st quarter valued at $27,000. Asset Dedication LLC increased its position in Crown Castle by 159.0% during the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 167 shares during the period. Beacon Capital Management LLC increased its position 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 purchasing an additional 177 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays upped their target price on shares of Crown Castle from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Crown Castle from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. TD Cowen reduced their target price on shares of Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Crown Castle from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $116.87.

Crown Castle Stock Down 0.1 %

Crown Castle stock traded down $0.12 during midday trading on Tuesday, hitting $104.47. 2,254,521 shares of the company's stock were exchanged, compared to its average volume of 2,597,748. 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 12 month low of $92.48 and a 12 month high of $120.92. The firm has a 50-day moving average of $111.79 and a two-hundred day moving average of $106.67. The company has a market cap of $45.40 billion, a PE ratio of 37.09 and a beta of 0.86.

Crown Castle (NYSE:CCI - Get Free Report) last posted 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 for 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%. Crown Castle's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.77 earnings per share. As a group, analysts expect that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $1.565 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a yield of 5.99%. Crown Castle's dividend payout ratio is currently 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.