Comprehensive Financial Consultants Institutional Inc. Has $1.19 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 10,057 shares of the real estate investment trust’s stock after purchasing an additional 610 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Crown Castle were worth $1,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CCI. Quent Capital LLC lifted its position in Crown Castle by 10.9% in the 1st quarter. Quent Capital LLC now owns 2,346 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 231 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Crown Castle by 44.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,542 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 472 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Crown Castle by 0.6% during the first quarter. Texas Permanent School Fund Corp now owns 89,535 shares of the real estate investment trust’s stock worth $9,475,000 after buying an additional 571 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Crown Castle by 150.2% during the first quarter. Manchester Capital Management LLC now owns 1,276 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 766 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Crown Castle by 253.5% in the 1st quarter. SG Americas Securities LLC now owns 57,935 shares of the real estate investment trust’s stock valued at $6,131,000 after buying an additional 41,546 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Bank of America increased their target price on shares of Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. TD Cowen cut their price target 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, Barclays raised their price objective on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle Price Performance

Shares of NYSE CCI opened at $104.21 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The business’s 50 day moving average price is $113.39 and its two-hundred day moving average price is $106.09. The company has a market cap of $45.29 billion, a PE ratio of 36.95 and a beta of 0.86. Crown Castle Inc. has a twelve month low of $92.48 and a twelve month high of $120.92.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Crown Castle Inc. will post 6.65 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend payout ratio is presently 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.