Mirador Capital Partners LP Has $833,000 Position in Crown Castle Inc. (NYSE:CCI)

Mirador Capital Partners LP grew its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 166.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,988 shares of the real estate investment trust's stock after purchasing an additional 4,990 shares during the quarter. Mirador Capital Partners LP's holdings in Crown Castle were worth $833,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCI. Versor Investments LP grew its stake in shares of Crown Castle by 120.0% in the fourth quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock valued at $767,000 after acquiring an additional 4,608 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Crown Castle by 3.4% in the fourth quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock valued at $13,139,000 after acquiring an additional 4,772 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Crown Castle by 4.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 204,237 shares of the real estate investment trust's stock valued at $18,537,000 after acquiring an additional 8,800 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Crown Castle by 98.3% in the fourth quarter. AlphaQuest LLC now owns 26,428 shares of the real estate investment trust's stock valued at $2,399,000 after acquiring an additional 13,100 shares in the last quarter. Finally, Cooke & Bieler LP grew its stake in Crown Castle by 9.3% during the fourth quarter. Cooke & Bieler LP now owns 2,839,036 shares of the real estate investment trust's stock worth $257,671,000 after buying an additional 242,565 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Barclays raised their price target on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, March 17th. Finally, Wall Street Zen downgraded shares of Crown Castle from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Crown Castle Trading Down 0.0%

Crown Castle stock traded down $0.01 during mid-day trading on Thursday, hitting $100.22. 917,173 shares of the stock were exchanged, compared to its average volume of 2,884,050. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The firm's fifty day simple moving average is $101.37 and its two-hundred day simple moving average is $97.21. The stock has a market capitalization of $43.64 billion, a price-to-earnings ratio of 35.54 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 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business posted $1.72 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.0625 per share. The ex-dividend date is Friday, June 13th. This represents a $4.25 annualized dividend and a yield of 4.24%. Crown Castle's payout ratio is -39.50%.

Insiders Place Their Bets

In other news, EVP Edward B. Adams, Jr. sold 8,000 shares of Crown Castle stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total value of $850,960.00. Following the completion of the sale, the executive vice president now owns 20,528 shares in the company, valued at $2,183,563.36. The trade was a 28.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel K. Schlanger sold 20,000 shares of Crown Castle stock in a transaction on Friday, May 2nd. The shares were 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 now owns 110,571 shares of the company's stock, valued at $11,762,542.98. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,600 shares of company stock worth $3,362,752. 0.10% of the stock is currently owned by insiders.

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.