Dakota Wealth Management Has $800,000 Holdings in Crown Castle Inc. (NYSE:CCI)

Dakota Wealth Management lessened its stake in Crown Castle Inc. (NYSE:CCI) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,747 shares of the real estate investment trust’s stock after selling 249 shares during the quarter. Dakota Wealth Management’s holdings in Crown Castle were worth $800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. lifted its position in shares of Crown Castle by 13.0% in the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 90 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Crown Castle by 2.4% in the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 91 shares in the last quarter. Prosperity Consulting Group LLC lifted its position in shares of Crown Castle by 4.4% in the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 95 shares in the last quarter. True North Advisors LLC lifted its position in shares of Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 95 shares in the last quarter. Finally, Granite Investment Partners LLC lifted its position in shares of Crown Castle by 0.5% in the second quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock worth $1,899,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $108.91 on Monday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.43. The firm’s fifty day moving average price is $114.05 and its two-hundred day moving average price is $105.48. Crown Castle Inc. has a one year low of $87.38 and a one year high of $120.92. The company has a market cap of $47.32 billion, a P/E ratio of 34.03 and a beta of 0.85.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted $1.77 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Equities analysts expect that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.565 dividend. The ex-dividend date was Friday, September 13th. This represents a $6.26 annualized dividend and a dividend yield of 5.75%. Crown Castle’s dividend payout ratio (DPR) is presently 195.63%.

Analysts Set New Price Targets

A number of analysts have recently commented on CCI shares. Barclays boosted their price objective on shares of Crown Castle from $112.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Bank of America boosted their price objective on shares of Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Wells Fargo & Company upped their price target on shares of Crown Castle from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Citigroup set a $128.00 price target on shares of Crown Castle in a research report on Thursday, October 17th. Finally, Jefferies Financial Group upped their price target on shares of Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and a consensus price target of $116.47.

Crown Castle 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.