Boothbay Fund Management LLC Takes Position in Crown Castle Inc. (NYSE:CCI)

Boothbay Fund Management LLC bought a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,107 shares of the real estate investment trust's stock, valued at approximately $373,000.

Several other institutional investors also recently modified their holdings of CCI. Twin Tree Management LP bought a new position in Crown Castle in the fourth quarter valued at about $25,000. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new stake in Crown Castle during the 4th quarter worth approximately $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle in the 4th quarter valued at approximately $50,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Crown Castle during the fourth quarter valued at $53,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

Shares of Crown Castle stock traded up $0.11 during trading hours on Monday, hitting $106.98. 2,708,624 shares of the company's stock traded hands, compared to its average volume of 2,866,500. The company has a fifty day simple moving average of $100.33 and a 200-day simple moving average of $97.96. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $46.58 billion, a price-to-earnings ratio of 37.94 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period last year, the business posted $1.72 EPS. The company's revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's dividend payout ratio is -58.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Wolfe Research upgraded Crown Castle from an "underperform" rating to a "peer perform" rating in a report on Monday, March 17th. BMO Capital Markets restated a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Royal Bank of Canada boosted their target price on shares of Crown Castle from $107.00 to $112.00 and gave the company a "sector perform" rating in a report on Friday. Finally, Argus raised Crown Castle to a "hold" rating in a research report on Friday, March 21st. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $112.41.

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.