Dynamic Advisor Solutions LLC Sells 6,609 Shares of Crown Castle Inc. (NYSE:CCI)

Dynamic Advisor Solutions LLC cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 60.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,342 shares of the real estate investment trust’s stock after selling 6,609 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Crown Castle were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. APG Asset Management N.V. boosted its holdings in Crown Castle by 201.2% during the second quarter. APG Asset Management N.V. now owns 52,093 shares of the real estate investment trust’s stock worth $4,749,000 after purchasing an additional 34,800 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Crown Castle in the 2nd quarter valued at about $377,000. NewEdge Advisors LLC increased its position in shares of Crown Castle by 2.1% in the second quarter. NewEdge Advisors LLC now owns 17,879 shares of the real estate investment trust’s stock valued at $1,747,000 after acquiring an additional 372 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Crown Castle by 47.7% during the second quarter. Sunbelt Securities Inc. now owns 3,368 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Invst LLC boosted its position in Crown Castle by 9.4% during the second quarter. Invst LLC now owns 7,517 shares of the real estate investment trust’s stock valued at $722,000 after purchasing an additional 644 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. JMP Securities began coverage on shares of Crown Castle in a research note on Monday. They set an “outperform” rating and a $115.00 price objective on the stock. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Finally, TD Cowen lowered their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $110.13.

Crown Castle Trading Up 4.3 %

Shares of CCI stock opened at $92.33 on Tuesday. The stock has a market cap of $40.13 billion, a P/E ratio of 32.74 and a beta of 0.87. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a 50 day simple moving average of $95.29 and a 200 day simple moving average of $105.41.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Crown Castle 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.