Chilton Capital Management LLC Has $803,000 Position in Crown Castle Inc. (NYSE:CCI)

Chilton Capital Management LLC cut its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 95.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,703 shares of the real estate investment trust's stock after selling 162,652 shares during the quarter. Chilton Capital Management LLC's holdings in Crown Castle were worth $803,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in Crown Castle during the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in Crown Castle in the first quarter valued at $26,000. American National Bank & Trust acquired a new position in Crown Castle in the first quarter valued at $29,000. Capital Advisors Ltd. LLC boosted its holdings in Crown Castle by 62.1% in the first quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 133 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new position in Crown Castle in the fourth quarter valued at $38,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Daniel K. Schlanger sold 20,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total value of $2,127,600.00. Following the completion of the transaction, the chief executive officer directly owned 110,571 shares of the company's stock, valued at $11,762,542.98. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert Sean Collins sold 3,600 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the completion of the transaction, the vice president directly owned 6,465 shares of the company's stock, valued at $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,600 shares of company stock valued at $3,362,752. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. New Street Research upgraded Crown Castle from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. KeyCorp boosted their price objective on Crown Castle from $120.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. JMP Securities boosted their price objective on Crown Castle from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 1st. Wall Street Zen cut Crown Castle from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company upgraded Crown Castle from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Crown Castle presently has a consensus rating of "Moderate Buy" and an average price target of $113.06.

Crown Castle Trading Up 0.7%

Crown Castle stock traded up $0.76 during midday trading on Tuesday, hitting $102.61. The stock had a trading volume of 2,209,795 shares, compared to its average volume of 2,935,153. The stock has a market cap of $44.68 billion, a P/E ratio of -9.54, a P/E/G ratio of 0.80 and a beta of 0.88. The business has a fifty day moving average price of $101.50 and a 200 day moving average price of $97.04. 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 posted its 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). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a negative net margin of 78.12% and a negative return on equity of 164.40%. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, equities analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, June 13th. Crown Castle's dividend payout ratio (DPR) is presently -39.50%.

Crown Castle 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.