Crown Castle Inc. (NYSE:CCI) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,869 shares of the real estate investment trust’s stock after selling 619 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Crown Castle were worth $260,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have weighed in on CCI shares. JPMorgan Chase & Co. raised their price target on Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Wells Fargo & Company cut Crown Castle from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $105.00 to $100.00 in a research report on Tuesday, December 10th. Royal Bank of Canada raised their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. Finally, Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Crown Castle has an average rating of “Hold” and an average price target of $113.00.

Crown Castle Stock Performance

Shares of NYSE:CCI opened at $91.03 on Monday. The business’s 50-day simple moving average is $96.66 and its 200 day simple moving average is $105.61. The company has a market cap of $39.56 billion, a P/E ratio of 32.28 and a beta of 0.87. 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 one year low of $84.20 and a one year high of $120.92.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 6.88%. Crown Castle’s dividend payout ratio is presently 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.