LRT Capital Management LLC Has $2.69 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

LRT Capital Management LLC cut its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 30.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,345 shares of the real estate investment trust's stock after selling 10,260 shares during the quarter. Crown Castle accounts for about 2.5% of LRT Capital Management LLC's investment portfolio, making the stock its 6th largest holding. LRT Capital Management LLC's holdings in Crown Castle were worth $2,689,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Almanack Investment Partners LLC. acquired a new stake in Crown Castle during the 3rd quarter worth about $28,000. PCA Investment Advisory Services Inc. acquired a new stake in Crown Castle during the 2nd quarter worth about $29,000. Riverview Trust Co lifted its holdings in shares of Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 140 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Crown Castle during the 4th quarter valued at about $37,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of Crown Castle by 51.1% during the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 97 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCI has been the subject of several research reports. Wells Fargo & Company reduced their price target on Crown Castle from $115.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday. Jefferies Financial Group reduced their price target on Crown Castle from $126.00 to $123.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank of Canada lifted their price target on Crown Castle from $92.00 to $109.00 and gave the company a "sector perform" rating in a report on Wednesday, February 21st. Scotiabank reduced their price target on Crown Castle from $133.00 to $118.00 and set a "sector perform" rating for the company in a report on Thursday. Finally, Bank of America reduced their price target on Crown Castle from $120.00 to $105.00 and set a "neutral" rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $117.73.

Crown Castle Stock Performance

NYSE CCI traded up $0.83 during trading on Friday, hitting $95.20. The company's stock had a trading volume of 5,055,709 shares, compared to its average volume of 2,662,430. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The firm has a 50 day moving average price of $104.88 and a 200 day moving average price of $105.33. The firm has a market cap of $41.37 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. Crown Castle Inc. has a 52 week low of $84.72 and a 52 week high of $131.43.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.92). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.91 earnings per share. Equities research analysts forecast that Crown Castle Inc. will post 6.59 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle's dividend payout ratio is currently 195.63%.

About Crown Castle

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.