4,276 Shares in Crown Castle Inc. (NYSE:CCI) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,276 shares of the real estate investment trust’s stock, valued at approximately $388,000.

A number of other institutional investors have also made changes to their positions in CCI. Nordea Investment Management AB grew its holdings in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after acquiring an additional 31,319 shares during the period. Oak Thistle LLC acquired a new stake in shares of Crown Castle in the fourth quarter worth $1,231,000. Fisher Asset Management LLC increased its position in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after acquiring an additional 203,442 shares during the period. Finally, Citizens Business Bank acquired a new position in Crown Castle during the 3rd quarter valued at $620,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCI has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their price objective on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, TD Cowen dropped their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Crown Castle currently has a consensus rating of “Hold” and an average target price of $113.00.

Crown Castle Trading Up 0.4 %

Shares of CCI stock opened at $91.03 on Tuesday. 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 company has a market capitalization of $39.56 billion, a P/E ratio of 32.28 and a beta of 0.87. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a 50-day moving average price of $96.66 and a 200 day moving average price of $105.67.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio 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.