U.S. Capital Wealth Advisors LLC Cuts Holdings in Crown Castle Inc. (NYSE:CCI)

U.S. Capital Wealth Advisors LLC reduced its position in Crown Castle Inc. (NYSE:CCI) by 60.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,001 shares of the real estate investment trust’s stock after selling 38,818 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Crown Castle were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Crown Castle in the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton raised its holdings in Crown Castle by 107.9% in 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. purchased a new position in shares of Crown Castle in 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 valued at $36,000 after acquiring an additional 300 shares during the period. Finally, Investors Research Corp raised its stake in shares of Crown Castle by 57.2% in the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 154 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.1 %

NYSE:CCI opened at $89.39 on Tuesday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week 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 has a market cap of $38.85 billion, a PE ratio of 31.70 and a beta of 0.88. The business’s 50 day moving average is $93.78 and its two-hundred day moving average is $104.91.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 7.00%. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

Wall Street Analyst Weigh In

Several research firms have commented on CCI. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Citigroup set a $128.00 target price on Crown Castle in a report on Thursday, October 17th. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.13.

About Crown Castle

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.