Crown Castle Inc. (NYSE:CCI) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lessened its stake in Crown Castle Inc. (NYSE:CCI) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,524 shares of the real estate investment trust’s stock after selling 2,696 shares during the period. RFG Advisory LLC’s holdings in Crown Castle were worth $1,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Crown Castle by 6.9% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 551,881 shares of the real estate investment trust’s stock valued at $49,548,000 after purchasing an additional 35,757 shares during the period. Hengehold Capital Management LLC grew its position in Crown Castle by 2.2% in the 4th quarter. Hengehold Capital Management LLC now owns 32,053 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 679 shares during the last quarter. IVC Wealth Advisors LLC increased its stake in Crown Castle by 19.1% in the 4th quarter. IVC Wealth Advisors LLC now owns 8,202 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 1,315 shares during the period. Avior Wealth Management LLC raised its position in Crown Castle by 16.3% during the 4th quarter. Avior Wealth Management LLC now owns 12,675 shares of the real estate investment trust’s stock worth $1,150,000 after buying an additional 1,780 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of Crown Castle in the 4th quarter worth $569,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Down 0.2 %

Shares of CCI opened at $88.49 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $38.46 billion, a price-to-earnings ratio of 31.38 and a beta of 0.87. The firm has a 50 day simple moving average of $95.29 and a 200-day simple moving average of $105.30.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 7.07%. The ex-dividend date was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

CCI has been the topic of a number of recent analyst reports. Citigroup set a $128.00 price target on shares of Crown Castle in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. UBS Group lifted their price target on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and an average price target of $109.80.

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.