Crown Castle Inc. (NYSE:CCI) Shares Purchased by Hengehold Capital Management LLC

Hengehold Capital Management LLC boosted its holdings in Crown Castle Inc. (NYSE:CCI) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,053 shares of the real estate investment trust’s stock after buying an additional 679 shares during the quarter. Hengehold Capital Management LLC’s holdings in Crown Castle were worth $2,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCI. IVC Wealth Advisors LLC raised its stake in Crown Castle by 19.1% during the 4th quarter. IVC Wealth Advisors LLC now owns 8,202 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 1,315 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Crown Castle by 16.3% during the fourth quarter. Avior Wealth Management LLC now owns 12,675 shares of the real estate investment trust’s stock worth $1,150,000 after purchasing an additional 1,780 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in shares of Crown Castle in the 4th quarter valued at about $569,000. Mutual Advisors LLC boosted its position in shares of Crown Castle by 22.0% in the 4th quarter. Mutual Advisors LLC now owns 7,022 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 1,264 shares during the period. Finally, SG Americas Securities LLC grew its stake in Crown Castle by 3,607.1% during the 4th quarter. SG Americas Securities LLC now owns 194,585 shares of the real estate investment trust’s stock worth $17,661,000 after buying an additional 189,336 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CCI. Deutsche Bank Aktiengesellschaft reduced their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. 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. TD Cowen decreased their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Moffett Nathanson dropped their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.80.

Crown Castle Trading Up 0.2 %

NYSE:CCI opened at $88.62 on Friday. 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 stock has a fifty day simple moving average of $95.88 and a 200-day simple moving average of $105.47. The company has a market capitalization of $38.51 billion, a PE ratio of 31.43 and a beta of 0.87.

Crown Castle Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date was Friday, December 13th. Crown Castle’s payout ratio is currently 221.99%.

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.