Crown Castle Inc. (NYSE:CCI) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,484 shares of the real estate investment trust’s stock after selling 1,421 shares during the period. Schechter Investment Advisors LLC’s holdings in Crown Castle were worth $977,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCI. Tectonic Advisors LLC lifted its position in shares of Crown Castle by 17.3% in the 4th quarter. Tectonic Advisors LLC now owns 4,698 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 694 shares during the last quarter. Pinnacle Wealth Management Group Inc. grew its stake in shares of Crown Castle by 11.3% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 4,664 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 475 shares during the last quarter. Abundance Wealth Counselors grew its stake in shares of Crown Castle by 6.1% in the 4th quarter. Abundance Wealth Counselors now owns 6,096 shares of the real estate investment trust’s stock worth $702,000 after purchasing an additional 353 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of Crown Castle by 46.9% in the 4th quarter. Fiduciary Alliance LLC now owns 80,428 shares of the real estate investment trust’s stock worth $9,264,000 after purchasing an additional 25,669 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in shares of Crown Castle by 4.7% in the 4th quarter. Simon Quick Advisors LLC now owns 14,616 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 654 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $105.59 on Thursday. The firm has a fifty day simple moving average of $107.92 and a 200-day simple moving average of $104.61. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.46. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $136.29. The stock has a market capitalization of $45.88 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.71 and a beta of 0.74.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Thursday, March 14th. Crown Castle’s payout ratio is 180.92%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCI. HSBC began coverage on shares of Crown Castle in a research report on Thursday, December 14th. They issued a “hold” rating and a $110.00 target price on the stock. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $90.00 to $115.00 in a report on Tuesday, December 5th. BMO Capital Markets upgraded shares of Crown Castle from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $107.00 to $110.00 in a report on Friday, January 19th. Finally, Royal Bank of Canada raised their price target on shares of Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Crown Castle has an average rating of “Hold” and a consensus price target of $121.33.

Crown Castle Company 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.