Schnieders Capital Management LLC Invests $540,000 in Crown Castle Inc. (NYSE:CCI)

Schnieders Capital Management LLC bought a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,686 shares of the real estate investment trust’s stock, valued at approximately $540,000.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co grew its position in shares of Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 140 shares during the period. Valley National Advisers Inc. grew its position in shares of Crown Castle by 51.1% in the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Operose Advisors LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its position in shares of Crown Castle by 43.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 113 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in shares of Crown Castle by 154.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 240 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

CCI stock traded down $0.03 during trading hours on Wednesday, hitting $95.44. 2,905,602 shares of the stock were exchanged, compared to its average volume of 2,840,487. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73. Crown Castle Inc. has a 12 month low of $84.72 and a 12 month high of $125.41. The firm has a market capitalization of $41.47 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.53 and a beta of 0.73. The company has a 50-day simple moving average of $104.43 and a two-hundred day simple moving average of $105.40.

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 quarter in the previous year, the business posted $1.91 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts forecast that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 annualized dividend and a yield of 6.56%. Crown Castle’s dividend payout ratio is currently 195.63%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCI shares. Argus lowered Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday. Barclays boosted their price objective on Crown Castle from $111.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday. 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, April 19th. Finally, Jefferies Financial Group dropped their price objective on Crown Castle from $126.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.29.

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.