San Luis Wealth Advisors LLC Acquires 1,443 Shares of Crown Castle Inc. (NYSE:CCI)

San Luis Wealth Advisors LLC raised its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,557 shares of the real estate investment trust’s stock after purchasing an additional 1,443 shares during the period. San Luis Wealth Advisors LLC’s holdings in Crown Castle were worth $686,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new position in Crown Castle in the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton lifted its stake 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 worth $31,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares during the last quarter. Quest Partners LLC increased its position in shares of 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 valued at $41,000 after acquiring an additional 404 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Crown Castle in the 3rd quarter worth approximately $47,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

CCI stock opened at $86.65 on Wednesday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The firm has a market capitalization of $37.66 billion, a P/E ratio of 30.73 and a beta of 0.87. The company has a fifty day simple moving average of $97.57 and a two-hundred day simple moving average of $105.81. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The company’s revenue was down .9% on a year-over-year basis. Analysts anticipate 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 was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.22%. Crown Castle’s payout ratio is presently 221.99%.

Analysts Set New Price Targets

Several research firms have issued reports on CCI. Royal Bank of Canada upped their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $117.00 to $104.00 in a report on Monday. Wells Fargo & Company downgraded Crown Castle from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $105.00 to $100.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $113.00.

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.