Valeo Financial Advisors LLC Has $2.02 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Valeo Financial Advisors LLC raised its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 78.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,373 shares of the real estate investment trust's stock after buying an additional 8,516 shares during the period. Valeo Financial Advisors LLC's holdings in Crown Castle were worth $2,019,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Crown Castle by 5.8% during the fourth quarter. Assetmark Inc. now owns 20,215 shares of the real estate investment trust's stock valued at $1,835,000 after purchasing an additional 1,102 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Crown Castle by 5.5% in the 4th quarter. Proficio Capital Partners LLC now owns 8,237 shares of the real estate investment trust's stock valued at $748,000 after buying an additional 426 shares in the last quarter. Larson Financial Group LLC boosted its stake in Crown Castle by 570.2% in the 4th quarter. Larson Financial Group LLC now owns 1,843 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 1,568 shares during the period. Independent Advisor Alliance acquired a new position in shares of Crown Castle during the 4th quarter worth about $396,000. Finally, GC Wealth Management RIA LLC boosted its stake in shares of Crown Castle by 58.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 11,027 shares of the real estate investment trust's stock worth $1,001,000 after buying an additional 4,063 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Up 0.7%

CCI stock opened at $102.61 on Wednesday. The company's 50-day simple moving average is $101.47 and its 200-day simple moving average is $97.08. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The firm has a market cap of $44.68 billion, a P/E ratio of -9.54, a PEG ratio of 0.79 and a beta of 0.88.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 EPS. On average, analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 4.14%. Crown Castle's dividend payout ratio (DPR) is currently -39.50%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research raised shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a report on Monday, March 17th. Barclays lifted their price target on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, March 17th. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. UBS Group lifted their price target on Crown Castle from $118.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Bank of America began coverage on Crown Castle in a research note on Monday, May 19th. They issued a "buy" rating and a $115.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.06.

Insider Transactions at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 110,571 shares in the company, valued at $11,762,542.98. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert Sean Collins sold 3,600 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.72, for a total transaction of $384,192.00. Following the transaction, the vice president owned 6,465 shares in the company, valued at $689,944.80. The trade was a 35.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,600 shares of company stock valued at $3,362,752. Insiders own 0.10% of the company's stock.

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.

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle Inc. (NYSE:CCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.