Community Bank & Trust Waco Texas Sells 2,045 Shares of Crown Castle Inc. (NYSE:CCI)

Community Bank & Trust Waco Texas trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI) by 26.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,781 shares of the real estate investment trust’s stock after selling 2,045 shares during the period. Community Bank & Trust Waco Texas’ holdings in Crown Castle were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in Crown Castle in the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC purchased a new position in shares of Crown Castle in the 1st quarter worth $27,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares during the period. Asset Dedication LLC increased its position in Crown Castle by 159.0% during the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 177 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. TD Cowen reduced their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. The Goldman Sachs Group lifted 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. Barclays upped their price target on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Bank of America raised their price objective on Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $116.87.

Crown Castle Trading Down 1.7 %

Crown Castle stock opened at $102.29 on Wednesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $44.46 billion, a P/E ratio of 36.27 and a beta of 0.86. The firm’s 50 day moving average price is $112.96 and its 200-day moving average price is $106.37. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92.

Crown Castle (NYSE:CCI) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

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.