Corient Private Wealth LLC Has $28.73 Million Position in Crown Castle Inc. (NYSE:CCI)

Corient Private Wealth LLC decreased its stake in Crown Castle Inc. (NYSE:CCI) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,578 shares of the real estate investment trust’s stock after selling 74,327 shares during the period. Corient Private Wealth LLC owned 0.07% of Crown Castle worth $28,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC boosted its holdings in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the fourth quarter worth approximately $37,000. Investors Research Corp grew its stake in 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 acquiring an additional 154 shares during the period. Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter valued at approximately $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle during the fourth quarter worth approximately $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $104.90 on Wednesday. The company has a market capitalization of $45.59 billion, a P/E ratio of 37.20 and a beta of 0.89. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company’s 50-day moving average is $91.64 and its 200 day moving average is $101.21.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.565 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.97%. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

Analysts Set New Price Targets

Several research firms recently issued reports on CCI. Barclays lifted their price target on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating for the company in a report on Monday. Raymond James upgraded shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $128.00 to $122.00 in a report on Friday, March 14th. JMP Securities began coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price target for the company. Finally, Scotiabank lowered their price objective on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a research note on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.29.

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.