Nisa Investment Advisors LLC Grows Stock Position in Crown Castle Inc. (NYSE:CCI)

Nisa Investment Advisors LLC grew its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,085 shares of the real estate investment trust's stock after acquiring an additional 19,256 shares during the quarter. Nisa Investment Advisors LLC owned about 0.09% of Crown Castle worth $42,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Tree Management LP bought a new stake in Crown Castle during the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Crown Castle during the 1st quarter valued at approximately $26,000. American National Bank & Trust bought a new position in shares of Crown Castle during the 1st quarter valued at approximately $29,000. Capital Advisors Ltd. LLC increased its holdings in Crown Castle by 62.1% in the 1st quarter. Capital Advisors Ltd. LLC now owns 347 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Crown Castle in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCI. Royal Bank Of Canada increased their price target on Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised Crown Castle from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $85.00 to $105.00 in a research note on Monday, March 17th. Citigroup upped their price objective on Crown Castle from $108.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wolfe Research upgraded Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Finally, Wall Street Zen downgraded Crown Castle from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Crown Castle currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.06.

Crown Castle Stock Performance

CCI traded down $1.28 during trading on Friday, hitting $102.69. 1,804,492 shares of the stock were exchanged, compared to its average volume of 2,934,106. The firm has a market cap of $44.72 billion, a price-to-earnings ratio of -9.54, a P/E/G ratio of 0.80 and a beta of 0.88. The firm has a 50 day simple moving average of $101.30 and a 200 day simple moving average of $97.30. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its 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). 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 was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. As a group, equities analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given 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 4.14%. Crown Castle's dividend payout ratio (DPR) is presently -39.50%.

Insider Buying and Selling at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 8,000 shares of the firm'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 completion of the transaction, the executive vice president owned 20,528 shares in the company, valued at $2,183,563.36. This trade represents a 28.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert Sean Collins sold 3,600 shares of the firm's stock in a transaction 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 owned 6,465 shares of the company's stock, valued at $689,944.80. This trade represents a 35.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,600 shares of company stock valued at $3,362,752. 0.10% of the stock is currently owned by corporate insiders.

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.