Universal Beteiligungs und Servicegesellschaft mbH Sells 13,419 Shares of Crown Castle Inc. $CCI

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in Crown Castle Inc. (NYSE:CCI) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 612,436 shares of the real estate investment trust’s stock after selling 13,419 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Crown Castle worth $59,094,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCI. Root Financial Partners LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $84,000. Arkadios Wealth Advisors grew its holdings in Crown Castle by 22.1% during the third quarter. Arkadios Wealth Advisors now owns 28,203 shares of the real estate investment trust’s stock valued at $2,721,000 after purchasing an additional 5,098 shares during the period. Allstate Corp purchased a new stake in Crown Castle in the third quarter worth $1,653,000. Tred Avon Family Wealth LLC bought a new stake in shares of Crown Castle in the third quarter valued at $329,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Crown Castle during the 3rd quarter valued at $44,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the transaction, the executive vice president directly owned 65,571 shares in the company, valued at $6,431,203.68. This represents a 31.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Crown Castle Trading Up 0.4%

CCI stock opened at $87.17 on Thursday. The firm has a 50 day moving average of $88.78 and a 200-day moving average of $95.42. The firm has a market capitalization of $37.96 billion, a P/E ratio of -8.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.96. Crown Castle Inc. has a 12 month low of $83.21 and a 12 month high of $115.76.

Crown Castle (NYSE:CCI) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crown Castle had a negative net margin of 95.37% and a negative return on equity of 619.62%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. Sell-side analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 4.9%. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCI shares. BMO Capital Markets decreased their price objective on Crown Castle from $107.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, January 9th. KeyCorp cut their target price on shares of Crown Castle from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their price target on shares of Crown Castle from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Royal Bank Of Canada cut their price objective on shares of Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Finally, Citigroup reduced their price objective on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.83.

Crown Castle Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.