American Investment Services Inc. Has $377,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

American Investment Services Inc. decreased its position in Crown Castle Inc. (NYSE:CCI) by 21.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,859 shares of the real estate investment trust’s stock after selling 1,075 shares during the period. American Investment Services Inc.’s holdings in Crown Castle were worth $377,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CCI. Prosperity Consulting Group LLC grew its stake in Crown Castle by 4.4% in the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 95 shares during the period. Granite Investment Partners LLC increased its stake in Crown Castle by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock worth $1,899,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Crown Castle by 12.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 950 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 108 shares during the period. Gilbert & Cook Inc. lifted its stake in Crown Castle by 3.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,083 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 110 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of Crown Castle by 5.3% in the first quarter. HM Payson & Co. now owns 2,259 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 114 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE CCI opened at $115.33 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 4.04. The business’s 50 day moving average price is $111.58 and its two-hundred day moving average price is $104.00. The company has a market cap of $50.11 billion, a PE ratio of 36.04 and a beta of 0.85. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $120.92.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the firm earned $2.05 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Friday, September 13th will be given a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Friday, September 13th. Crown Castle’s payout ratio is presently 195.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group started coverage on Crown Castle in a research report on Monday, July 1st. They set a “neutral” rating and a $104.00 price objective for the company. BMO Capital Markets upped their price target on Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on shares of Crown Castle from $100.00 to $104.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $126.00 target price (up previously from $124.00) on shares of Crown Castle in a research report on Friday, June 14th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.53.

Insider Transactions at Crown Castle

In other Crown Castle news, COO Michael Joseph Kavanagh sold 10,883 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were 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 directly owns 75,127 shares of the company’s stock, valued at approximately $7,792,172.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

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.