111 Capital Acquires Shares of 5,010 Crown Castle Inc. (NYSE:CCI)

111 Capital purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,010 shares of the real estate investment trust's stock, valued at approximately $455,000.

Other large investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new position in shares of Crown Castle during the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in shares of Crown Castle during the fourth quarter valued at about $37,000. Vermillion Wealth Management Inc. acquired a new position in shares of Crown Castle during the fourth quarter valued at about $38,000. Marshall Investment Management LLC acquired a new position in shares of Crown Castle during the fourth quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle during the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Activity

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.72, for a total value of $384,192.00. Following the transaction, the vice president now directly owns 6,465 shares of the company's stock, valued at approximately $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the transaction, the executive vice president now directly owns 20,528 shares in the company, valued at approximately $2,183,563.36. The trade was a 28.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock valued at $3,362,752 over the last three months. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Crown Castle from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James raised shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and dropped their price target for the stock from $128.00 to $122.00 in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. JMP Securities increased their price target on shares of Crown Castle from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Finally, Barclays increased their price target on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $112.71.

Crown Castle Price Performance

Shares of NYSE CCI traded up $0.03 during mid-day trading on Tuesday, hitting $99.92. 2,866,670 shares of the stock were exchanged, compared to its average volume of 2,884,849. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock's fifty day simple moving average is $101.43 and its two-hundred day simple moving average is $97.19. The company has a market cap of $43.51 billion, a P/E ratio of 35.43 and a beta of 0.93.

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

Crown Castle Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.25%. Crown Castle's dividend payout ratio (DPR) is currently -39.50%.

About Crown Castle

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.