O Brien Greene & Co. Inc Invests $236,000 in Crown Castle Inc. (NYSE:CCI)

O Brien Greene & Co. Inc acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,046 shares of the real estate investment trust’s stock, valued at approximately $236,000.

A number of other hedge funds also recently made changes to their positions in CCI. Operose Advisors LLC bought a new position in shares of Crown Castle during the third quarter worth about $30,000. Valley National Advisers Inc. increased its holdings in Crown Castle by 51.1% in the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Crown Castle by 154.8% in the third quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 240 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 43.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 113 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Crown Castle by 123.3% in the third quarter. Larson Financial Group LLC now owns 480 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 265 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their target price on Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Bank of America decreased their price objective on Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Wells Fargo & Company decreased their price objective on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a 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 report on Monday, April 22nd. Finally, Argus downgraded Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and a consensus price target of $113.29.

Crown Castle Stock Performance

Shares of CCI opened at $93.57 on Friday. The firm has a market cap of $40.66 billion, a PE ratio of 29.24, a PEG ratio of 2.51 and a beta of 0.73. The stock’s fifty day moving average price is $103.65 and its two-hundred day moving average price is $105.25. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.40. Crown Castle Inc. has a 1 year low of $84.72 and a 1 year high of $123.79.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm posted $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, equities research analysts forecast that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.565 per share. 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 6.69%. Crown Castle’s payout ratio is 195.63%.

About Crown Castle

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.