Lion Street Advisors LLC Sells 99 Shares of Crown Castle Inc. (NYSE:CCI)

Lion Street Advisors LLC lowered its position in Crown Castle Inc. (NYSE:CCI) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,677 shares of the real estate investment trust’s stock after selling 99 shares during the quarter. Lion Street Advisors LLC’s holdings in Crown Castle were worth $436,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Crown Castle during the 4th quarter worth $25,000. EntryPoint Capital LLC purchased a new stake in Crown Castle in the first quarter worth about $27,000. Asset Dedication LLC grew its holdings in Crown Castle by 159.0% during the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 167 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in Crown Castle during the 4th quarter valued at about $30,000. Finally, Beacon Capital Management LLC raised its holdings in shares of Crown Castle by 163.9% in the 1st quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 177 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CCI shares. TD Cowen increased their price objective on shares of Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group increased their target price on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Bank of America boosted their price target on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Barclays raised their price objective on Crown Castle from $112.00 to $116.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Crown Castle from $100.00 to $104.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.67.

Insider Buying and Selling

In related news, COO Michael Joseph Kavanagh sold 10,883 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 75,127 shares of the company’s stock, valued at $7,792,172.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Crown Castle Trading Up 0.8 %

Shares of Crown Castle stock opened at $110.83 on Friday. The firm’s 50 day simple moving average is $113.84 and its two-hundred day simple moving average is $104.80. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 34.63 and a beta of 0.85. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $120.92. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 4.04.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Crown Castle had a return on equity of 19.20% and a net margin of 17.98%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue was down 12.9% on a year-over-year basis. Analysts predict that Crown Castle Inc. will post 6.64 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.565 dividend. The ex-dividend date was Friday, September 13th. This represents a $6.26 dividend on an annualized basis and a yield of 5.65%. Crown Castle’s dividend payout ratio is currently 195.63%.

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.