SeaCrest Wealth Management LLC Trims Position in Crown Castle Inc. (NYSE:CCI)

SeaCrest Wealth Management LLC decreased its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,300 shares of the real estate investment trust's stock after selling 4,043 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Crown Castle were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Crown Castle by 23.8% during the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust's stock worth $2,079,417,000 after buying an additional 3,371,186 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Crown Castle by 433.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust's stock worth $470,838,000 after acquiring an additional 3,225,460 shares during the last quarter. Bank of Montreal Can raised its position in Crown Castle by 191.7% in the second quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust's stock valued at $195,183,000 after purchasing an additional 1,335,644 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Crown Castle by 13,271.6% in the 3rd quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust's stock valued at $115,449,000 after purchasing an additional 965,907 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust's stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the period. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Price Performance

Shares of CCI stock traded up $0.38 during midday trading on Friday, reaching $91.03. 4,990,378 shares of the company traded hands, compared to its average volume of 3,430,232. The firm's 50 day simple moving average is $96.66 and its two-hundred day simple moving average is $105.61. The firm has a market cap of $39.56 billion, a PE ratio of 32.28 and a beta of 0.87. 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 1-year low of $84.20 and a 1-year high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $1.77 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 6.88%. Crown Castle's dividend payout ratio is currently 221.99%.

Analyst Ratings Changes

A number of research analysts have commented on CCI shares. TD Cowen decreased their target price on shares of Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Barclays raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price on Crown Castle from $105.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Royal Bank of Canada lifted their price objective on Crown Castle from $104.00 to $109.00 and gave the company a "sector perform" rating in a research note on Monday, October 28th. Finally, UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Crown Castle has an average rating of "Hold" and an average target price of $113.00.

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.