SYSTM Wealth Solutions LLC Has $161,000 Holdings in Crown Castle Inc. (NYSE:CCI)

SYSTM Wealth Solutions LLC trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI) by 85.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,649 shares of the real estate investment trust’s stock after selling 9,687 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Crown Castle were worth $161,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Crown Castle in the 4th quarter valued at about $25,000. EntryPoint Capital LLC acquired a new stake in Crown Castle in the 1st quarter valued at approximately $27,000. Asset Dedication LLC lifted its stake in Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in Crown Castle during the 4th quarter worth approximately $30,000. Finally, Beacon Capital Management LLC grew its stake in shares of Crown Castle by 163.9% during the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 177 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, July 18th. The Goldman Sachs Group began coverage on Crown Castle in a report on Monday, July 1st. They set a “neutral” rating and a $104.00 target price on the stock. TD Cowen boosted their price target on Crown Castle from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their target price on shares of Crown Castle from $100.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.53.

Insider Buying and Selling at Crown Castle

In related news, COO Michael Joseph Kavanagh sold 10,883 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $103.72, for a total value of $1,128,784.76. Following the transaction, the chief operating officer now owns 75,127 shares in the company, valued at $7,792,172.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Crown Castle Stock Down 1.5 %

Crown Castle stock opened at $117.78 on Thursday. The stock has a market cap of $51.18 billion, a P/E ratio of 36.81 and a beta of 0.85. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 4.04. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $120.92. The company’s 50-day moving average price is $111.09 and its two-hundred day moving average price is $104.01.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Crown Castle had a return on equity of 19.20% and a net margin of 17.98%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the company posted $2.05 EPS. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. As a group, analysts expect that Crown Castle Inc. will post 6.64 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.565 per share. The ex-dividend date is Friday, September 13th. This represents a $6.26 dividend on an annualized basis and a yield of 5.31%. Crown Castle’s dividend payout ratio (DPR) is presently 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.