G&S Capital LLC Invests $1.30 Million in Crown Castle Inc. (NYSE:CCI)

G&S Capital LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,311 shares of the real estate investment trust’s stock, valued at approximately $1,303,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Crown Castle in the 1st quarter valued at approximately $106,000. Brookstone Capital Management increased its stake in Crown Castle by 2,316.5% during the first quarter. Brookstone Capital Management now owns 84,409 shares of the real estate investment trust’s stock valued at $8,933,000 after purchasing an additional 80,916 shares during the last quarter. Hazelview Securities Inc. raised its holdings in shares of Crown Castle by 1.0% during the first quarter. Hazelview Securities Inc. now owns 29,100 shares of the real estate investment trust’s stock worth $3,034,000 after purchasing an additional 300 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of Crown Castle by 10.8% in the 1st quarter. Gilman Hill Asset Management LLC now owns 34,083 shares of the real estate investment trust’s stock worth $3,607,000 after buying an additional 3,335 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Crown Castle by 0.3% in the 1st quarter. Miller Howard Investments Inc. NY now owns 45,755 shares of the real estate investment trust’s stock valued at $4,842,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of a number of recent research reports. Barclays raised their target price on shares of Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 23rd. Scotiabank reduced their price objective on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company dropped their target price on Crown Castle from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Bank of America lowered their price target on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Argus downgraded shares of Crown Castle from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.21.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $95.93 on Thursday. The stock’s 50 day moving average price is $98.25 and its 200 day moving average price is $104.97. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 2.54 and a beta of 0.82. Crown Castle Inc. has a 12 month low of $84.72 and a 12 month high of $119.50.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. Equities research analysts anticipate that Crown Castle Inc. will post 6.62 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.565 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.53%. Crown Castle’s payout ratio is currently 195.63%.

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.