Crown Castle Inc. (NYSE:CCI) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,297 shares of the real estate investment trust's stock after selling 4,732 shares during the period. Advisory Services Network LLC's holdings in Crown Castle were worth $934,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC raised its holdings in shares of Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock valued at $205,000 after buying an additional 124 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Crown Castle by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock worth $103,000 after acquiring an additional 126 shares in the last quarter. IFP Advisors Inc grew its holdings in Crown Castle by 5.9% during the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 133 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of Crown Castle by 1.2% in the fourth quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock worth $1,041,000 after acquiring an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its holdings in Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 137 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE CCI traded up $2.26 during trading hours on Friday, hitting $103.51. The company had a trading volume of 1,860,139 shares, compared to its average volume of 2,897,139. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The firm has a market cap of $45.07 billion, a P/E ratio of 36.71 and a beta of 0.93. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The business has a fifty day simple moving average of $97.73 and a 200-day simple moving average of $98.80.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.05%. Crown Castle's dividend payout ratio is presently -69.71%.

Analyst Upgrades and Downgrades

CCI has been the subject of several recent analyst reports. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. JMP Securities started coverage on Crown Castle in a research note on Monday, January 27th. They issued an "outperform" rating and a $115.00 price target on the stock. UBS Group raised shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective for the company in a research note on Friday, March 14th. Finally, KeyCorp raised shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 target price on the stock in a research report on Friday, March 14th. Twelve equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.88.

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.