Dynamic Advisor Solutions LLC Has $394,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Dynamic Advisor Solutions LLC lessened its holdings in Crown Castle Inc. (NYSE:CCI) by 60.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,342 shares of the real estate investment trust’s stock after selling 6,609 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Crown Castle were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CCI. Catalyst Capital Advisors LLC bought a new position in Crown Castle in the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. FNY Investment Advisers LLC increased its stake in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares during the period. Harbor Capital Advisors Inc. bought a new position in Crown Castle in the 3rd quarter valued at approximately $47,000. Finally, Friedenthal Financial acquired a new stake in Crown Castle during the 3rd quarter worth approximately $50,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCI. TD Cowen decreased their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Scotiabank decreased their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Finally, Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $110.13.

Crown Castle Price Performance

Shares of NYSE CCI opened at $92.33 on Tuesday. The firm’s 50-day moving average price is $95.29 and its 200-day moving average price is $105.41. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year 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 firm has a market capitalization of $40.13 billion, a P/E ratio of 32.74 and a beta of 0.87.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 6.78%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

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.