Lindbrook Capital LLC Decreases Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Lindbrook Capital LLC trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,310 shares of the real estate investment trust’s stock after selling 554 shares during the period. Lindbrook Capital LLC’s holdings in Crown Castle were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CCI. Magnolia Capital Advisors LLC increased its holdings in shares of Crown Castle by 3.2% in the fourth quarter. Magnolia Capital Advisors LLC now owns 2,375 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 73 shares during the period. Summit Financial Group Inc. increased its holdings in shares of Crown Castle by 5.5% in the third quarter. Summit Financial Group Inc. now owns 1,638 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 85 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Crown Castle by 2.4% in the first quarter. Orion Portfolio Solutions LLC now owns 3,678 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 86 shares during the period. Townsend & Associates Inc increased its holdings in shares of Crown Castle by 5.7% in the fourth quarter. Townsend & Associates Inc now owns 1,682 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 90 shares during the period. Finally, Dakota Community Bank & Trust NA increased its holdings in shares of Crown Castle by 4.2% in the third quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 90 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Up 0.9 %

Shares of CCI traded up $0.83 during mid-day trading on Friday, reaching $95.20. The company had a trading volume of 5,055,709 shares, compared to its average volume of 2,662,430. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.40 and a current ratio of 0.42. The firm has a 50-day moving average price of $104.88 and a 200 day moving average price of $105.22. Crown Castle Inc. has a 52 week low of $84.72 and a 52 week high of $131.43. The company has a market capitalization of $41.37 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $1.565 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.58%. Crown Castle’s dividend payout ratio is currently 195.63%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCI. BMO Capital Markets cut their target price on Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday. Royal Bank of Canada raised their target price on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Jefferies Financial Group cut their target price on Crown Castle from $126.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday. Argus cut Crown Castle from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Bank of America cut their target price on Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.73.

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.