DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Stock Holdings in Crown Castle Inc. (NYSE:CCI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in Crown Castle Inc. (NYSE:CCI) by 81.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,680 shares of the real estate investment trust’s stock after selling 195,364 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Crown Castle were worth $3,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Accurate Wealth Management LLC lifted its position in Crown Castle by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 126 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 133 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 137 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 1.7 %

CCI opened at $105.00 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market cap of $45.72 billion, a PE ratio of 37.23 and a beta of 0.93. The business has a 50 day moving average of $101.47 and a 200-day moving average of $97.86.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.62). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. Equities research analysts predict that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently -58.18%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CCI shares. Argus upgraded shares of Crown Castle to a “hold” rating in a research report on Friday, March 21st. JMP Securities raised their price target on Crown Castle from $115.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 1st. New Street Research upgraded Crown Castle from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle has an average rating of “Moderate Buy” and a consensus target price of $112.41.

Insider Buying and Selling at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 8,000 shares of the firm’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 completion of the transaction, the executive vice president now owns 20,528 shares of the company’s stock, valued at $2,183,563.36. This trade represents a 28.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel K. Schlanger sold 20,000 shares of Crown Castle stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.38, for a total value of $2,127,600.00. Following the transaction, the chief executive officer now owns 110,571 shares of the company’s stock, valued at $11,762,542.98. The trade was a 15.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,600 shares of company stock valued at $3,362,752. Corporate 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.