Front Row Advisors LLC Reduces Position in Crown Castle Inc. (NYSE:CCI)

Front Row Advisors LLC reduced its stake in Crown Castle Inc. (NYSE:CCI) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,512 shares of the real estate investment trust’s stock after selling 987 shares during the quarter. Front Row Advisors LLC’s holdings in Crown Castle were worth $1,045,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Accurate Wealth Management LLC lifted its holdings in Crown Castle by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 124 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Crown Castle by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 126 shares during the last quarter. IFP Advisors Inc grew its stake in Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 133 shares during the period. Howard Capital Management Inc. raised its holdings in Crown Castle by 1.2% in the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of Crown Castle by 6.4% during the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson dropped their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Crown Castle in a research report on Tuesday, March 25th. Finally, Citigroup lifted their price target on shares of Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Crown Castle Price Performance

Shares of CCI stock opened at $104.39 on Tuesday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a market capitalization of $45.45 billion, a PE ratio of 37.02 and a beta of 0.89. 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 firm has a fifty day simple moving average of $94.47 and a 200-day simple moving average of $100.40.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s payout ratio is -69.71%.

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.