Larson Financial Group LLC Grows Stock Position in Crown Castle Inc. (NYSE:CCI)

Larson Financial Group LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 570.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,843 shares of the real estate investment trust’s stock after buying an additional 1,568 shares during the period. Larson Financial Group LLC’s holdings in Crown Castle were worth $167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Napa Wealth Management raised its holdings in Crown Castle by 4.6% during the 3rd quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 122 shares during the period. Accurate Wealth Management LLC raised its holdings 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 buying an additional 124 shares during the period. Exchange Traded Concepts LLC raised its holdings in Crown Castle by 12.5% during 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 period. IFP Advisors Inc raised its holdings in Crown Castle by 5.9% during the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 133 shares during the period. Finally, Howard Capital Management Inc. raised its holdings in 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 valued at $1,041,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities assumed coverage on Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price on the stock. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and reduced their target price for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle Price Performance

CCI opened at $97.73 on Wednesday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The business’s fifty day simple moving average is $90.54 and its 200-day simple moving average is $101.65. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 34.66 and a beta of 0.89.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s payout ratio is currently 221.99%.

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.