Vontobel Holding Ltd. Sells 133 Shares of Crown Castle Inc. (NYSE:CCI)

Vontobel Holding Ltd. decreased its stake in Crown Castle Inc. (NYSE:CCI) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,489 shares of the real estate investment trust’s stock after selling 133 shares during the period. Vontobel Holding Ltd.’s holdings in Crown Castle were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in Crown Castle by 13.4% in the first quarter. International Assets Investment Management LLC now owns 6,926 shares of the real estate investment trust’s stock worth $722,000 after buying an additional 821 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Crown Castle by 9.6% in the 1st quarter. AdvisorNet Financial Inc now owns 2,788 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 244 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Crown Castle during the 1st quarter valued at $4,425,000. Hazelview Securities Inc. lifted its stake in Crown Castle by 1.0% in 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 last quarter. Finally, Brookstone Capital Management boosted its position 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 buying an additional 80,916 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CCI. Royal Bank of Canada lifted their price objective on Crown Castle from $100.00 to $104.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Citigroup set a $128.00 price target on Crown Castle in a research note on Thursday. Jefferies Financial Group increased their price objective on Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Bank of America upped their price target on shares of Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Crown Castle from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.47.

Crown Castle Stock Down 1.9 %

Shares of NYSE:CCI opened at $110.19 on Tuesday. The firm has a market capitalization of $47.89 billion, a P/E ratio of 39.07 and a beta of 0.85. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.43 and a current ratio of 0.54. The stock has a 50 day moving average price of $114.02 and a 200-day moving average price of $105.20. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $120.92.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 EPS. As a group, equities research analysts anticipate that Crown Castle Inc. will post 6.65 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Friday, September 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Crown Castle Company 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.