World Investment Advisors LLC Has $400,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

World Investment Advisors LLC grew its holdings in Crown Castle Inc. (NYSE:CCI) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,374 shares of the real estate investment trust’s stock after acquiring an additional 484 shares during the period. World Investment Advisors LLC’s holdings in Crown Castle were worth $400,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its position in Crown Castle by 13.0% in the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 90 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Crown Castle by 2.4% in the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 91 shares in the last quarter. Prosperity Consulting Group LLC grew its position in Crown Castle by 4.4% in the second quarter. Prosperity Consulting Group LLC now owns 2,262 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 95 shares in the last quarter. True North Advisors LLC grew its position in Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 95 shares in the last quarter. Finally, Granite Investment Partners LLC grew its position in Crown Castle by 0.5% in the second quarter. Granite Investment Partners LLC now owns 19,439 shares of the real estate investment trust’s stock worth $1,899,000 after acquiring an additional 100 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $94.85 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. Crown Castle Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $120.92. The firm has a fifty day moving average price of $105.92 and a two-hundred day moving average price of $107.13. The company has a market cap of $41.22 billion, a PE ratio of 33.63 and a beta of 0.86.

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

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays boosted their target price on shares of Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. Royal Bank of Canada upped their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. UBS Group upped their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $117.00.

Crown Castle Company Profile

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.