Crown Castle Inc. (NYSE:CCI) Holdings Raised by TD Asset Management Inc

TD Asset Management Inc increased its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 35.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,120 shares of the real estate investment trust's stock after buying an additional 62,782 shares during the period. TD Asset Management Inc owned about 0.06% of Crown Castle worth $25,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Crown Castle by 3.4% in the 4th quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock valued at $13,139,000 after buying an additional 4,772 shares during the period. Level Four Advisory Services LLC lifted its holdings in shares of Crown Castle by 9.1% during the 4th quarter. Level Four Advisory Services LLC now owns 3,555 shares of the real estate investment trust's stock worth $323,000 after acquiring an additional 297 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Crown Castle by 99.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 918,645 shares of the real estate investment trust's stock worth $83,376,000 after acquiring an additional 458,476 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Crown Castle by 34.1% during the 4th quarter. Schroder Investment Management Group now owns 117,827 shares of the real estate investment trust's stock worth $10,579,000 after acquiring an additional 29,973 shares during the period. Finally, Summit Financial LLC lifted its holdings in shares of Crown Castle by 14.2% during the 4th quarter. Summit Financial LLC now owns 5,889 shares of the real estate investment trust's stock worth $534,000 after acquiring an additional 730 shares during the period. Hedge funds and other institutional investors own 90.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Daniel K. Schlanger sold 20,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 110,571 shares in the company, valued at $11,762,542.98. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the vice president owned 6,465 shares in the company, valued at $689,944.80. This trade represents a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock worth $3,362,752 over the last ninety days. 0.10% of the stock is owned by insiders.

Crown Castle Stock Performance

Shares of CCI stock traded down $2.00 during trading hours on Thursday, hitting $104.97. 4,962,337 shares of the company were exchanged, compared to its average volume of 2,887,699. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of -9.84, a P/E/G ratio of 0.81 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 $102.54 and its two-hundred day simple moving average is $98.93.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $1.62 EPS. The business's quarterly revenue was down 4.2% on a year-over-year basis. As a group, analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Cuts Dividend

The company also recently disclosed 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 was Friday, June 13th. This represents a $4.25 annualized dividend and a yield of 4.0%. Crown Castle's dividend payout ratio (DPR) is -39.83%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Crown Castle from $108.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, May 5th. New Street Research raised shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. BMO Capital Markets increased their target price on shares of Crown Castle from $108.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their target price 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. Finally, Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.18.

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.