Crown Castle Inc. (NYSE:CCI) Stock Holdings Increased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC increased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,248 shares of the real estate investment trust’s stock after purchasing an additional 419 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Crown Castle were worth $567,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC increased its position in Crown Castle by 5.4% during 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 during the period. Exchange Traded Concepts LLC raised its position in Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 126 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Crown Castle by 5.9% in the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 133 shares during the last quarter. Howard Capital Management Inc. lifted its position in shares of Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 135 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its position in Crown Castle by 6.4% in the fourth 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 last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Barclays upped their target price on shares of Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, March 17th. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Friday, March 14th. Moffett Nathanson reduced their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Raymond James upgraded shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Crown Castle Price Performance

CCI opened at $104.42 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $45.47 billion, a PE ratio of 37.03 and a beta of 0.89. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The business’s 50-day moving average is $93.15 and its two-hundred day moving average is $100.97.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is currently -69.71%.

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.