Crown Castle Inc. (NYSE:CCI) Shares Purchased by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp lifted its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 133.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,250 shares of the real estate investment trust's stock after buying an additional 10,438 shares during the quarter. MADDEN SECURITIES Corp's holdings in Crown Castle were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CHICAGO TRUST Co NA boosted its holdings in shares of Crown Castle by 3.0% during the first quarter. CHICAGO TRUST Co NA now owns 3,532 shares of the real estate investment trust's stock worth $368,000 after purchasing an additional 104 shares during the last quarter. IFP Advisors Inc boosted its stake in Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock worth $216,000 after buying an additional 133 shares during the last quarter. Howard Capital Management Inc. grew its holdings in Crown Castle by 1.2% in the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock valued at $1,041,000 after buying an additional 135 shares during the period. Cidel Asset Management Inc. increased its stake in shares of Crown Castle by 6.4% during the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 137 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Crown Castle by 5.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,526 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Transactions at Crown Castle

In related news, VP Robert Sean Collins sold 3,600 shares of the firm's 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 sale, the vice president now owns 6,465 shares of the company's stock, valued at approximately $689,944.80. This trade represents a 35.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.37, for a total value of $850,960.00. Following the transaction, the executive vice president now owns 20,528 shares of the company's stock, 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. In the last three months, insiders have sold 31,600 shares of company stock worth $3,362,752. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCI shares. Scotiabank upped their price target on shares of Crown Castle from $99.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 22nd. Argus raised shares of Crown Castle to a "hold" rating in a research note on Friday, March 21st. Barclays upped their price objective on Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, March 17th. Wall Street Zen cut Crown Castle from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Royal Bank of Canada increased their price objective on shares of Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Crown Castle has a consensus rating of "Moderate Buy" and a consensus target price of $112.71.

Crown Castle Stock Up 0.8%

Shares of CCI stock traded up $0.79 during trading hours on Tuesday, hitting $99.81. 3,863,520 shares of the company were exchanged, compared to its average volume of 2,904,091. The stock has a market capitalization of $43.46 billion, a price-to-earnings ratio of 35.39 and a beta of 0.88. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business's 50-day simple moving average is $101.08 and its two-hundred day simple moving average is $97.00. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle (NYSE:CCI - Get Free Report) last released its earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. Sell-side analysts predict that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $1.0625 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.26%. Crown Castle's payout ratio is currently -39.50%.

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.