Wealthcare Advisory Partners LLC Takes Position in Crown Castle Inc. (NYSE:CCI)

Wealthcare Advisory Partners LLC acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,276 shares of the real estate investment trust’s stock, valued at approximately $388,000.

Several other large investors have also recently added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC bought a new stake in Crown Castle during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton boosted its stake in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle during the 3rd quarter valued at $47,000. FNY Investment Advisers LLC raised its stake in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares in the last quarter. Finally, Investors Research Corp lifted its holdings in shares of Crown Castle by 57.2% in 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. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 0.4 %

Crown Castle stock opened at $91.03 on Tuesday. The stock has a market cap 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 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’s fifty day simple moving average is $96.66 and its 200-day simple moving average is $105.67.

Crown Castle Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on CCI shares. JPMorgan Chase & Co. boosted their price target on shares of Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. UBS Group increased their target price on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Wells Fargo & Company lowered 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 note on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their target price on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.00.

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.