Crown Castle Inc. (NYSE:CCI) Stock Holdings Trimmed by Fiduciary Alliance LLC

Fiduciary Alliance LLC lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 71.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,478 shares of the real estate investment trust’s stock after selling 63,401 shares during the period. Fiduciary Alliance LLC’s holdings in Crown Castle were worth $2,312,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle during the third quarter valued at $25,000. Rosenberg Matthew Hamilton raised its position in Crown Castle by 107.9% during the third 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. Harbor Capital Advisors Inc. acquired a new position in Crown Castle during the third quarter valued at $47,000. Quest Partners LLC raised its position in Crown Castle by 3,672.7% during the second quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 404 shares during the period. Finally, Investors Research Corp raised its position in Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 154 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Crown Castle from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company downgraded Crown Castle from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $105.00 to $100.00 in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Crown Castle has an average rating of “Hold” and a consensus target price of $113.00.

Crown Castle Stock Performance

Shares of NYSE:CCI traded up $0.56 during trading on Monday, reaching $84.89. 538,346 shares of the stock were exchanged, compared to its average volume of 2,546,816. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The firm has a market cap of $36.89 billion, a PE ratio of 30.10 and a beta of 0.87. The stock has a 50-day moving average price of $98.47 and a 200-day moving average price of $105.97. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI) last issued 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 net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Research analysts expect that Crown Castle Inc. will post 6.66 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued 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 7.37%. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Crown Castle Company 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.