Mizuho Securities USA LLC Buys 92,211 Shares of Crown Castle Inc. (NYSE:CCI)

Mizuho Securities USA LLC increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 275.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,717 shares of the real estate investment trust’s stock after acquiring an additional 92,211 shares during the quarter. Mizuho Securities USA LLC’s holdings in Crown Castle were worth $14,914,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Crown Castle by 24.7% in the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after buying an additional 31,319 shares in the last quarter. BOKF NA raised its position in shares of Crown Castle by 25.6% during the first quarter. BOKF NA now owns 4,004 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 815 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Crown Castle by 30.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 35,805 shares of the real estate investment trust’s stock valued at $3,789,000 after purchasing an additional 8,346 shares in the last quarter. OLD National Bancorp IN grew its position in shares of Crown Castle by 23.8% in the 2nd quarter. OLD National Bancorp IN now owns 91,118 shares of the real estate investment trust’s stock valued at $8,902,000 after purchasing an additional 17,529 shares during the period. Finally, Kennebec Savings Bank bought a new stake in Crown Castle during the 3rd quarter worth approximately $633,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 0.9 %

Shares of NYSE:CCI opened at $103.80 on Friday. Crown Castle Inc. has a 52-week low of $92.48 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $45.11 billion, a P/E ratio of 36.81 and a beta of 0.86. The company has a 50-day simple moving average of $112.05 and a 200 day simple moving average of $106.53.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Announces Dividend

The company 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 annualized dividend and a yield of 6.03%. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Citigroup set a $128.00 target price on Crown Castle in a report on Thursday, October 17th. UBS Group boosted their price target on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on Crown Castle from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research note 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 stock. According to MarketBeat, Crown Castle has an average rating of “Hold” and an average target price of $116.87.

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.