Dakota Wealth Management Has $925,000 Holdings in Crown Castle Inc. (NYSE:CCI)

Dakota Wealth Management lifted its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 49.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,871 shares of the real estate investment trust's stock after purchasing an additional 2,942 shares during the quarter. Dakota Wealth Management's holdings in Crown Castle were worth $925,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Iron Horse Wealth Management LLC bought a new position in shares of Crown Castle in the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in shares of Crown Castle in the first quarter worth $26,000. Twin Tree Management LP bought a new position in shares of Crown Castle in the fourth quarter worth $25,000. American National Bank & Trust acquired a new stake in shares of Crown Castle in the first quarter valued at $29,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of 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 buying an additional 133 shares during the period. Institutional investors own 90.77% of the company's stock.

Crown Castle Stock Performance

Shares of NYSE CCI traded up $0.95 during mid-day trading on Friday, reaching $105.19. 5,210,608 shares of the company traded hands, compared to its average volume of 2,941,394. The stock has a market cap of $45.81 billion, a PE ratio of -9.78, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The company's fifty day moving average is $101.13 and its two-hundred day moving average is $97.65. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative net margin of 78.12% and a negative return on equity of 164.40%. The business's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 EPS. Research analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.25 annualized dividend and a yield of 4.04%. Crown Castle's payout ratio is -39.50%.

Insider Activity at Crown Castle

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 transaction of $2,127,600.00. Following the completion of the sale, the chief executive officer owned 110,571 shares in the company, valued at $11,762,542.98. This represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Sean Collins sold 3,600 shares of the 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 sale, the vice president owned 6,465 shares of the company's stock, valued at approximately $689,944.80. The trade was a 35.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,600 shares of company stock worth $3,362,752 in the last 90 days. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

CCI has been the subject of several analyst reports. Scotiabank upped their target price on Crown Castle from $99.00 to $109.00 and gave the company a "sector perform" rating in a report on Tuesday, April 22nd. JMP Securities upped their target price on Crown Castle from $115.00 to $125.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. BMO Capital Markets reaffirmed a "market perform" rating on shares of Crown Castle in a report on Tuesday, March 25th. Wall Street Zen downgraded Crown Castle from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Argus raised Crown Castle to a "hold" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Crown Castle currently has an average rating of "Moderate Buy" and an average price target of $113.06.

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.