Crown Castle Inc. (NYSE:CCI) Shares Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its holdings in Crown Castle Inc. (NYSE:CCI) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,998 shares of the real estate investment trust’s stock after purchasing an additional 238 shares during the period. Mirador Capital Partners LP’s holdings in Crown Castle were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC purchased a new position in Crown Castle in the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton grew its position in shares of Crown Castle by 107.9% in the third 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 in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Quest Partners LLC lifted its position in Crown Castle by 3,672.7% during the second quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 404 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in Crown Castle during the third quarter worth $47,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on CCI. Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on shares of Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. 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 note on Thursday, October 17th. UBS Group increased their price target on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lowered shares of Crown Castle from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $113.00.

Crown Castle Trading Up 4.6 %

Shares of NYSE CCI opened at $90.67 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $39.40 billion, a PE ratio of 32.15 and a beta of 0.87. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The stock has a fifty day simple moving average of $97.23 and a 200-day simple moving average of $105.67.

Crown Castle (NYSE:CCI) last released 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 analyst estimates of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. On average, equities analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

About Crown Castle

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.