Dakota Wealth Management Has $538,000 Stake in Crown Castle Inc. (NYSE:CCI)

Dakota Wealth Management lessened its holdings in Crown Castle Inc. (NYSE:CCIFree Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,929 shares of the real estate investment trust’s stock after selling 818 shares during the period. Dakota Wealth Management’s holdings in Crown Castle were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle in the third quarter valued at about $25,000. Rosenberg Matthew Hamilton grew its stake in Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the last quarter. FNY Investment Advisers LLC raised its holdings 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 valued at $36,000 after acquiring an additional 300 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the third quarter worth approximately $47,000. Finally, Friedenthal Financial bought a new stake in shares of Crown Castle during the third quarter worth approximately $50,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Down 0.2 %

Shares of CCI opened at $88.49 on Friday. 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 52-week low of $84.20 and a 52-week high of $120.92. The firm has a market cap of $38.46 billion, a price-to-earnings ratio of 31.38 and a beta of 0.87. The business’s fifty day moving average is $95.29 and its 200-day moving average is $105.30.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Wall Street Analysts Forecast Growth

CCI has been the subject of several research reports. Royal Bank of Canada lifted their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday. Citigroup set a $128.00 price target on shares of Crown Castle in a research report on Thursday, October 17th. Scotiabank cut their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, TD Cowen lowered their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.80.

Check Out Our Latest Research Report on CCI

About Crown Castle

(Free Report)

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.

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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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