NorthRock Partners LLC Has $462,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

NorthRock Partners LLC lifted its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 114.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,086 shares of the real estate investment trust's stock after purchasing an additional 2,713 shares during the period. NorthRock Partners LLC's holdings in Crown Castle were worth $462,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Versor Investments LP increased its stake in shares of Crown Castle by 120.0% during the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock worth $767,000 after purchasing an additional 4,608 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Crown Castle during the 4th quarter worth about $3,083,000. American Century Companies Inc. increased its stake in shares of Crown Castle by 3.4% during the 4th quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock worth $13,139,000 after purchasing an additional 4,772 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Crown Castle by 4.5% in the 4th 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 buying an additional 8,800 shares during the last quarter. Finally, Barclays PLC grew its stake in Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock valued at $613,900,000 after buying an additional 348,296 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. KeyCorp upped their price target on shares of Crown Castle from $120.00 to $122.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. StockNews.com upgraded shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Tuesday. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Friday, March 14th. Raymond James upgraded shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $128.00 to $122.00 in a research note on Friday, March 14th. Finally, New Street Research upgraded shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. Twelve equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $112.41.

Crown Castle Stock Performance

NYSE CCI opened at $102.30 on Friday. The firm has a 50-day moving average price of $101.78 and a two-hundred day moving average price of $97.63. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $44.55 billion, a P/E ratio of 36.28 and a beta of 0.93.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the company posted $1.72 EPS. The business's revenue was down 4.8% on a year-over-year basis. Analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is presently -58.18%.

Insider Transactions at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the company's stock in a transaction that occurred 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 approximately $11,762,542.98. This represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.37, for a total transaction of $850,960.00. Following the sale, the executive vice president now directly owns 20,528 shares of the company's stock, valued at approximately $2,183,563.36. This trade represents a 28.04% 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 valued at $3,362,752. Company insiders own 0.10% of the company's stock.

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.

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