Crown Castle Inc. (NYSE:CCI) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 431,582 shares of the real estate investment trust's stock after selling 208,819 shares during the period. Bahl & Gaynor Inc. owned approximately 0.10% of Crown Castle worth $49,714,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. raised 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 in the last quarter. Operose Advisors LLC bought a new position in Crown Castle during the 3rd quarter worth approximately $30,000. Rosenberg Matthew Hamilton grew its position in Crown Castle by 43.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 113 shares during the last quarter. HHM Wealth Advisors LLC grew its position in Crown Castle by 154.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in Crown Castle during the 4th quarter worth approximately $47,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Down 0.7 %

NYSE:CCI traded down $0.63 during trading hours on Friday, reaching $93.58. 2,697,322 shares of the company traded hands, compared to its average volume of 2,940,738. The business's 50-day moving average price is $103.65 and its two-hundred day moving average price is $105.34. The stock has a market capitalization of $40.66 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.51 and a beta of 0.73. Crown Castle Inc. has a 1 year low of $84.72 and a 1 year high of $123.79. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. Analysts predict that Crown Castle Inc. will post 6.59 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Thursday, March 14th. Crown Castle's dividend payout ratio is currently 195.63%.

Analysts Set New Price Targets

CCI has been the topic of several recent research reports. Scotiabank reduced their price target on Crown Castle from $133.00 to $118.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group cut their price objective on Crown Castle from $126.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Argus lowered Crown Castle from a "buy" rating to a "hold" rating in a research report on Friday, April 19th. BMO Capital Markets cut their price objective on Crown Castle from $110.00 to $105.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Crown Castle from $110.00 to $109.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $113.29.

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.