Crown Castle Inc. $CCI Shares Purchased by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 84.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 34,505 shares of the real estate investment trust’s stock after purchasing an additional 15,785 shares during the period. Crown Castle accounts for approximately 3.6% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 10th largest position. Garrison Bradford & Associates Inc.’s holdings in Crown Castle were worth $3,329,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its stake in shares of Crown Castle by 0.9% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 98 shares during the period. Whittier Trust Co. boosted its stake in Crown Castle by 5.6% in the 2nd quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 109 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Crown Castle by 24.0% during the third quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 116 shares in the last quarter. Finally, NewSquare Capital LLC increased its position in Crown Castle by 74.5% during the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 120 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of Crown Castle from $114.00 to $96.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Jefferies Financial Group reduced their price objective on shares of Crown Castle from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Wells Fargo & Company dropped their target price on shares of Crown Castle from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. The Goldman Sachs Group cut their price target on shares of Crown Castle from $117.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, New Street Research downgraded Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.75.

Crown Castle Stock Down 2.1%

NYSE CCI opened at $85.02 on Tuesday. Crown Castle Inc. has a twelve month low of $83.21 and a twelve month high of $115.76. The company has a market cap of $37.02 billion, a price-to-earnings ratio of -8.00, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The business’s fifty day moving average is $88.11 and its 200 day moving average is $94.42.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $1.0625 per share. The ex-dividend date was Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 5.0%. Crown Castle’s dividend payout ratio (DPR) is currently -39.98%.

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.