Rothschild Investment Corp IL Has $1.08 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Rothschild Investment Corp IL grew its position in Crown Castle Inc. (NYSE:CCIGet Rating) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,387 shares of the real estate investment trust’s stock after buying an additional 159 shares during the quarter. Rothschild Investment Corp IL’s holdings in Crown Castle were worth $1,076,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC grew its position in Crown Castle by 277.8% during the 4th quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Crown Castle during the first quarter valued at $25,000. HHM Wealth Advisors LLC acquired a new position in Crown Castle during the first quarter valued at $28,000. Blume Capital Management Inc. purchased a new stake in Crown Castle in the 1st quarter worth about $29,000. Finally, HWG Holdings LP acquired a new stake in Crown Castle during the 4th quarter worth about $34,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.1 %

NYSE:CCI opened at $163.42 on Tuesday. The company’s 50 day moving average is $174.43 and its 200-day moving average is $178.00. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.70. Crown Castle Inc. has a 12 month low of $153.70 and a 12 month high of $209.87. The firm has a market cap of $70.77 billion, a price-to-earnings ratio of 45.90 and a beta of 0.60.

Crown Castle (NYSE:CCIGet Rating) last posted its earnings results on Wednesday, July 20th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.74). The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.71 billion. Crown Castle had a net margin of 22.91% and a return on equity of 18.93%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. Equities analysts anticipate that Crown Castle Inc. will post 7.03 EPS for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $1.47 per share. The ex-dividend date is Wednesday, September 14th. This represents a $5.88 annualized dividend and a yield of 3.60%. Crown Castle’s payout ratio is 165.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Crown Castle from $190.00 to $188.00 and set an “overweight” rating for the company in a research report on Friday. Raymond James decreased their target price on shares of Crown Castle from $206.00 to $201.00 in a research note on Friday, July 22nd. Barclays dropped their price target on shares of Crown Castle from $214.00 to $212.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. Jefferies Financial Group raised Crown Castle from a “hold” rating to a “buy” rating and lifted their price objective for the company from $191.00 to $200.00 in a research report on Thursday, June 30th. Finally, Credit Suisse Group dropped their target price on Crown Castle to $213.00 in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.20.

Insider Buying and Selling at Crown Castle

In other Crown Castle news, Director Kevin A. Stephens purchased 699 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was bought at an average cost of $173.60 per share, for a total transaction of $121,346.40. Following the completion of the acquisition, the director now directly owns 10,703 shares in the company, valued at $1,858,040.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

About Crown Castle

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Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 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.

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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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