2 weeks Ago By Defense World Staff
Bokf Na reduced its holdings in Crown Castle Inc. ( NYSE:CCI – Free Report ) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 3,759 shares of the real estate investment trust’s stock after selling 245 shares during the quarter. Bokf Na’s holdings in Crown Castle were worth $367,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently bought and sold shares of the company.
Gilbert & Cook Inc. boosted its position in Crown Castle by 3.7% in the 4th quarter.
Gilbert & Cook Inc. now owns 3,083 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 110 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of Crown Castle by 32.
3% during the fourth quarter. Level Four Advisory Services LLC now owns 3,184 shares of the real estate investment trust’s stock worth $367,000 after acquiring an additional 777 shares during the period. Independent Advisor Alliance raised its stake in shares of Crown Castle by 78.
8% in the 4th quarter. Independent Advisor Alliance now owns 4,921 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 2,169 shares during the period. Norges Bank bought a new stake in Crown Castle in the 4th quarter valued at approximately $581,503,000.
Finally, PNC Financial Services Group Inc. lifted its position in shares of Crown Castle by 8.9% in the fourth quarter.
PNC Financial Services Group Inc. now owns 329,980 shares of the real estate investment trust’s stock worth $38,010,000 after purchasing an additional 26,880 shares in the last quarter. Institutional investors and hedge funds own 90.
77% of the company’s stock. Crown Castle Price Performance Shares of CCI opened at $120.25 on Tuesday.
The business has a 50-day moving average of $110.24 and a 200-day moving average of $103.85.
The company has a debt-to-equity ratio of 4.04, a current ratio of 0.43 and a quick ratio of 0.
43. Crown Castle Inc. has a 1 year low of $84.
72 and a 1 year high of $120.92. The company has a market capitalization of $52.
25 billion, a price-to-earnings ratio of 37.58 and a beta of 0.85.
Crown Castle Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.565 dividend.
The ex-dividend date is Friday, September 13th. This represents a $6.26 dividend on an annualized basis and a yield of 5.
21%. Crown Castle’s payout ratio is currently 195.63%.
Wall Street Analysts Forecast Growth Several research firms recently issued reports on CCI. Royal Bank of Canada upped their target price on Crown Castle from $100.00 to $104.
00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Bank of America boosted their price target on Crown Castle from $110.00 to $115.
00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Crown Castle from $103.00 to $105.
00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group started coverage on Crown Castle in a research report on Monday, July 1st. They issued a “neutral” rating and a $104.
00 price target on the stock. Finally, Raymond James reissued an “outperform” rating and issued a $126.00 price objective (up from $124.
00) on shares of Crown Castle in a research note on Friday, June 14th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has an average rating of “Hold” and an average price target of $113.53. Check Out Our Latest Stock Analysis on CCI Insider Buying and Selling at Crown Castle In other news, COO Michael Joseph Kavanagh sold 10,883 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd.
The shares were sold at an average price of $103.72, for a total transaction of $1,128,784.76.
Following the completion of the sale, the chief operating officer now owns 75,127 shares of the company’s stock, valued at approximately $7,792,172.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
Insiders own 0.39% of the company’s stock. Crown Castle Profile ( Free Report ) 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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