Financial Partners Group LLC cut its position in Crown Castle Inc. (NYSE:CCI – Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,205 shares of the real estate investment trust’s stock after selling 189 shares during the quarter. Crown Castle comprises 2.4% of Financial Partners Group LLC’s investment portfolio, making the stock its 13th biggest position. Financial Partners Group LLC’s holdings in Crown Castle were worth $5,736,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC purchased a new position in Crown Castle in the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton grew its position in 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 in the last quarter. FNY Investment Advisers LLC increased its stake in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Crown Castle during the third quarter valued at about $47,000. Finally, Friedenthal Financial bought a new stake in Crown Castle during the third quarter worth about $50,000. 90.77% of the stock is owned by institutional investors.
Analyst Ratings Changes
CCI has been the topic of a number of research reports. Citigroup set a $128.00 price objective on Crown Castle in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday. Royal Bank of Canada increased their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price target on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, Moffett Nathanson reduced their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Crown Castle currently has an average rating of “Hold” and a consensus target price of $109.80.
Crown Castle Trading Up 0.2 %
NYSE CCI opened at $88.62 on Friday. The stock has a market cap of $38.51 billion, a P/E ratio of 31.43 and a beta of 0.87. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock has a 50 day simple moving average of $95.88 and a two-hundred day simple moving average of $105.47. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.
Crown Castle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.06%. Crown Castle’s dividend payout ratio (DPR) is presently 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.
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