Crown Castle Inc. (NYSE:CCI) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 178.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,895 shares of the real estate investment trust’s stock after purchasing an additional 1,215 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Crown Castle were worth $172,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in Crown Castle during the third quarter worth about $25,000. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Crown Castle during the 4th quarter worth approximately $37,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Crown Castle in the third quarter valued at approximately $47,000. Finally, Investors Research Corp grew its position in shares of Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities started coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and dropped their price target for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Trading Up 0.6 %

CCI opened at $94.79 on Thursday. 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 business has a fifty day simple moving average of $90.00 and a 200-day simple moving average of $102.07. The firm has a market cap of $41.20 billion, a P/E ratio of 33.61 and a beta of 0.88.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, March 14th. Crown Castle’s dividend 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.