Simon Quick Advisors LLC Has $3.31 Million Stake in Crown Castle Inc. (NYSE:CCI)

Simon Quick Advisors LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,480 shares of the real estate investment trust’s stock after purchasing an additional 399 shares during the quarter. Simon Quick Advisors LLC’s holdings in Crown Castle were worth $3,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. LifePlan Financial LLC acquired a new stake in shares of Crown Castle in the fourth quarter valued at about $216,000. Mitchell & Pahl Private Wealth LLC grew its holdings in Crown Castle by 15.9% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 13,324 shares of the real estate investment trust’s stock valued at $1,209,000 after buying an additional 1,827 shares during the last quarter. Ellsworth Advisors LLC increased its position in Crown Castle by 5.2% in the 4th quarter. Ellsworth Advisors LLC now owns 6,165 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 302 shares during the period. Cascade Investment Group Inc. lifted its holdings in shares of Crown Castle by 18.3% during the fourth quarter. Cascade Investment Group Inc. now owns 7,202 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 1,115 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of Crown Castle by 8.4% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada upped 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 report on Monday, October 28th. UBS Group lifted their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.00.

Crown Castle Stock Down 0.5 %

CCI opened at $90.62 on Wednesday. The firm has a market cap of $39.38 billion, a price-to-earnings ratio of 32.14 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50-day simple moving average is $96.40 and its 200-day simple moving average is $105.63. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 6.91%. Crown Castle’s dividend payout ratio is 221.99%.

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.