Crown Castle Inc. (NYSE:CCI) Stock Holdings Increased by Private Trust Co. NA

Posted by Defense World Staff on Mar 26th, 2023

Private Trust Co. NA grew its position in shares of Crown Castle Inc. (NYSE:CCI – Get Rating) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,435 shares of the real estate investment trust’s stock after buying an additional 182 shares during the period. Private Trust Co. NA’s holdings in Crown Castle were worth $602,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in Crown Castle by 847.4% during the third quarter. Activest Wealth Management now owns 180 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 161 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Crown Castle in the 3rd quarter worth about $28,000. Johnson Financial Group Inc. boosted its holdings in shares of Crown Castle by 210.8% in the 2nd quarter. Johnson Financial Group Inc. now owns 230 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 156 shares during the period. Webster Bank N. A. grew its position in shares of Crown Castle by 111.1% during the 3rd quarter. Webster Bank N. A. now owns 380 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 200 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Crown Castle by 40.5% during the third quarter. Rosenberg Matthew Hamilton now owns 385 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 90.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCI. Cowen increased their price target on Crown Castle from $149.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Barclays boosted their price target on shares of Crown Castle from $152.00 to $153.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Raymond James increased their price objective on shares of Crown Castle from $153.00 to $154.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crown Castle from $137.00 to $142.00 in a research note on Friday, December 16th. Finally, Royal Bank of Canada lifted their price target on Crown Castle from $150.00 to $162.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle has a consensus rating of “Moderate Buy” and an average target price of $159.36.

Crown Castle Trading Up 4.6 %

Shares of Crown Castle stock opened at $129.46 on Friday. The business has a fifty day simple moving average of $137.92 and a 200-day simple moving average of $140.10. Crown Castle Inc. has a fifty-two week low of $121.71 and a fifty-two week high of $199.97. The firm has a market cap of $56.11 billion, a price-to-earnings ratio of 33.54 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.81.

Crown Castle (NYSE:CCI – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.83). Crown Castle had a return on equity of 21.58% and a net margin of 23.96%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $1.77 earnings per share. Crown Castle’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Crown Castle Inc. will post 7.26 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a $1.565 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $6.26 annualized dividend and a yield of 4.84%. Crown Castle’s dividend payout ratio (DPR) is 162.18%.

About Crown Castle

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Crown Castle, Inc is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the Towers and Fiber segments. The Towers segment offers access, including space or capacity towers dispersed throughout the United States.