Wealth Advisory Solutions LLC Has $254,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Wealth Advisory Solutions LLC decreased its position in Crown Castle Inc. (NYSE:CCI) by 83.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,804 shares of the real estate investment trust’s stock after selling 14,369 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Crown Castle were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Crown Castle by 29.5% during the fourth quarter. Victory Capital Management Inc. now owns 367,900 shares of the real estate investment trust’s stock worth $33,391,000 after buying an additional 83,915 shares during the last quarter. Alley Investment Management Company LLC grew its position in Crown Castle by 0.5% during the 4th quarter. Alley Investment Management Company LLC now owns 58,030 shares of the real estate investment trust’s stock worth $5,267,000 after acquiring an additional 311 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Crown Castle by 17.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 32,843 shares of the real estate investment trust’s stock worth $2,949,000 after acquiring an additional 4,836 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Crown Castle by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,121,794 shares of the real estate investment trust’s stock valued at $464,854,000 after purchasing an additional 118,860 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Crown Castle by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 34,910 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 2,365 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCI shares. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. JMP Securities assumed coverage on shares of Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $117.00 to $104.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Down 1.6 %

Shares of Crown Castle stock opened at $94.32 on Wednesday. The business has a fifty day simple moving average of $89.92 and a 200 day simple moving average of $102.12. The stock has a market cap of $40.99 billion, a PE ratio of 33.45 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.64%. 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.