Quantinno Capital Management LP Grows Position in Crown Castle Inc. (NYSE:CCI)

Quantinno Capital Management LP lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 131.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,505 shares of the real estate investment trust's stock after purchasing an additional 15,633 shares during the quarter. Quantinno Capital Management LP's holdings in Crown Castle were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Twin Tree Management LP purchased a new position in shares of Crown Castle during the 4th quarter worth $25,000. Roxbury Financial LLC purchased a new position in shares of Crown Castle during the 4th quarter worth $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle during the 4th quarter worth $50,000. Bank of Jackson Hole Trust purchased a new position in shares of Crown Castle during the 4th quarter worth $53,000. Finally, South Plains Financial Inc. purchased a new position in shares of Crown Castle during the 4th quarter worth $59,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Stock Up 0.3%

CCI stock traded up $0.25 during mid-day trading on Friday, reaching $100.17. The company had a trading volume of 1,852,483 shares, compared to its average volume of 2,878,924. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 35.52 and a beta of 0.93. The firm has a fifty day simple moving average of $101.91 and a 200 day simple moving average of $97.41. 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 posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. Crown Castle's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. Analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, June 13th. Crown Castle's dividend payout ratio is currently -58.18%.

Insider Buying and Selling at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 110,571 shares of the company's stock, valued at approximately $11,762,542.98. This trade represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 3,600 shares of the firm's stock in a transaction dated 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 directly owns 6,465 shares in the company, valued at $689,944.80. This trade represents a 35.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock valued at $3,362,752 in the last quarter. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of research analyst reports. Citigroup increased their price target on Crown Castle from $108.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Bank of America initiated coverage on Crown Castle in a report on Monday, May 19th. They set a "buy" rating and a $115.00 price target for the company. UBS Group upgraded Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target for the company in a report on Friday, March 14th. Argus raised Crown Castle to a "hold" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.71.

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.