Bison Wealth LLC Lowers Holdings in Crown Castle Inc. (NYSE:CCI)

Bison Wealth LLC reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 45.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,823 shares of the real estate investment trust’s stock after selling 2,348 shares during the quarter. Bison Wealth LLC’s holdings in Crown Castle were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co lifted its stake in Crown Castle by 108.5% in the third quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 140 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Crown Castle in the 3rd quarter valued at about $28,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of Crown Castle in the 2nd quarter worth approximately $29,000. Operose Advisors LLC bought a new position in shares of Crown Castle during the third quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. increased its holdings in Crown Castle by 51.1% during the fourth quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 97 shares during the period. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Down 1.8 %

NYSE CCI opened at $93.93 on Wednesday. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $134.09. The company has a fifty day simple moving average of $105.69 and a two-hundred day simple moving average of $105.23. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.46. The stock has a market cap of $40.81 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.54 and a beta of 0.73.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.565 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.66%. Crown Castle’s dividend payout ratio (DPR) is 180.92%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent research reports. BMO Capital Markets raised Crown Castle from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $107.00 to $110.00 in a research report on Friday, January 19th. Royal Bank of Canada raised their price target on shares of Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $118.93.

About Crown Castle

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.