Crown Castle Inc. (NYSE:CCI) Shares Bought by Bard Financial Services Inc.

Bard Financial Services Inc. raised its holdings in Crown Castle Inc. (NYSE:CCI) by 6.6% during the third quarter, HoldingsChannel.com reports. The firm owned 10,080 shares of the real estate investment trust’s stock after buying an additional 620 shares during the period. Bard Financial Services Inc.’s holdings in Crown Castle were worth $1,196,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its position in shares of Crown Castle by 13.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 90 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 91 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of Crown Castle by 4.4% in the 2nd quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 95 shares during the last quarter. True North Advisors LLC increased its holdings in shares of Crown Castle by 4.2% in the 3rd quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 95 shares during the last quarter. Finally, Granite Investment Partners LLC increased its holdings in shares of Crown Castle by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock valued at $1,899,000 after acquiring an additional 100 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.0 %

Shares of CCI stock opened at $100.60 on Wednesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92. The stock has a fifty day moving average of $107.87 and a two-hundred day moving average of $107.18. The firm has a market capitalization of $43.72 billion, a PE ratio of 35.67 and a beta of 0.86.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. As a group, research analysts expect that Crown Castle Inc. will post 6.66 EPS for the current year.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $1.565 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 6.22%. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCI shares. Wells Fargo & Company downgraded Crown Castle from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $105.00 to $100.00 in a report on Tuesday. Barclays boosted their price target on Crown Castle from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price objective on Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Finally, Citigroup set a $128.00 price objective on Crown Castle in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Crown Castle presently has a consensus rating of “Hold” and a consensus target price of $116.53.

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.