Crown Castle Inc. (NYSE:CCI - Get Free Report) Director Jason Genrich bought 99 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of $109.32 per share, with a total value of $10,822.68. Following the completion of the purchase, the director now directly owns 3,023 shares of the company's stock, valued at approximately $330,474.36. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Jason Genrich also recently made the following trade(s):
- On Tuesday, April 2nd, Jason Genrich acquired 18 shares of Crown Castle stock. The shares were bought at an average price of $103.17 per share, with a total value of $1,857.06.
Crown Castle Price Performance
Crown Castle stock opened at $95.92 on Tuesday. The business's 50-day simple moving average is $102.18 and its 200 day simple moving average is $105.56. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 2.59 and a beta of 0.76. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $119.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73.
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Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.92). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. Crown Castle's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. As a group, research analysts anticipate that Crown Castle Inc. will post 6.59 earnings per share for the current year.
Crown Castle Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle's dividend payout ratio is 195.63%.
Hedge Funds Weigh In On Crown Castle
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Crown Castle during the fourth quarter worth about $581,503,000. The Manufacturers Life Insurance Company boosted its holdings in Crown Castle by 42.8% during the third quarter. The Manufacturers Life Insurance Company now owns 7,083,665 shares of the real estate investment trust's stock worth $651,910,000 after buying an additional 2,121,603 shares during the last quarter. Barclays PLC boosted its holdings in Crown Castle by 217.9% during the third quarter. Barclays PLC now owns 3,058,133 shares of the real estate investment trust's stock worth $281,439,000 after buying an additional 2,096,272 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Crown Castle by 21.9% during the third quarter. Wellington Management Group LLP now owns 10,134,538 shares of the real estate investment trust's stock worth $932,682,000 after buying an additional 1,818,910 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in Crown Castle during the fourth quarter worth about $201,582,000. Institutional investors own 90.77% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on CCI. BMO Capital Markets dropped their price objective on Crown Castle from $110.00 to $105.00 and set a "market perform" rating for the company in a research note on Thursday, April 18th. Argus lowered Crown Castle from a "buy" rating to a "hold" rating in a research note on Friday, April 19th. Barclays increased their price objective on Crown Castle from $111.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 23rd. Royal Bank of Canada increased their price objective on Crown Castle from $92.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Crown Castle from $110.00 to $109.00 and set a "hold" rating on the stock in a report on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $113.29.
Check Out Our Latest Stock Analysis on Crown Castle
Crown Castle Company Profile
(
Get Free Report)
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.
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