Crown Castle Inc. (NYSE:CCI) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. decreased its position in Crown Castle Inc. (NYSE:CCI) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,776 shares of the real estate investment trust’s stock after selling 10,816 shares during the period. 1834 Investment Advisors Co.’s holdings in Crown Castle were worth $6,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CCI. Catalyst Capital Advisors LLC purchased a new stake in Crown Castle in the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Crown Castle during the third quarter worth $47,000. Finally, Friedenthal Financial purchased a new position in Crown Castle in the third quarter worth $50,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Crown Castle stock opened at $88.49 on Friday. The stock has a market capitalization of $38.46 billion, a P/E ratio of 31.38 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 company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s 50-day moving average is $95.29 and its two-hundred day moving average is $105.30.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $1.565 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.07%. Crown Castle’s payout ratio is currently 221.99%.

Wall Street Analysts Forecast Growth

CCI has been the topic of several research analyst reports. Moffett Nathanson decreased their target price on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Royal Bank of Canada increased their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Scotiabank decreased their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, UBS Group raised their price objective on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.80.

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.