Larson Financial Group LLC Buys 1,568 Shares of Crown Castle Inc. (NYSE:CCI)

Larson Financial Group LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 570.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843 shares of the real estate investment trust’s stock after purchasing an additional 1,568 shares during the quarter. Larson Financial Group LLC’s holdings in Crown Castle were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new stake in Crown Castle in the third quarter worth about $311,000. SpiderRock Advisors LLC boosted its holdings in Crown Castle by 13.7% in the third quarter. SpiderRock Advisors LLC now owns 4,426 shares of the real estate investment trust’s stock worth $525,000 after acquiring an additional 533 shares in the last quarter. Assetmark Inc. boosted its holdings in Crown Castle by 24.1% in the third quarter. Assetmark Inc. now owns 19,113 shares of the real estate investment trust’s stock worth $2,267,000 after acquiring an additional 3,717 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in Crown Castle in the third quarter worth about $241,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Crown Castle in the third quarter worth about $90,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 0.8 %

Shares of CCI stock opened at $97.73 on Wednesday. The stock has a 50 day moving average of $90.54 and a 200 day moving average of $101.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market cap of $42.47 billion, a P/E ratio of 34.66 and a beta of 0.89. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio is currently 221.99%.

Analyst Upgrades and Downgrades

CCI has been the subject of several recent analyst reports. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Citigroup lowered their price target on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Crown Castle presently has a consensus rating of “Hold” and a consensus price target of $108.75.

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.