Quantum Private Wealth LLC Has $436,000 Stake in Crown Castle Inc. (NYSE:CCI)

Quantum Private Wealth LLC trimmed its holdings in Crown Castle Inc. (NYSE:CCI) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,781 shares of the real estate investment trust’s stock after selling 1,116 shares during the period. Quantum Private Wealth LLC’s holdings in Crown Castle were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. Riverview Trust Co boosted its position in shares of Crown Castle by 108.5% during the third quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 140 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Crown Castle during the third quarter worth about $28,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Crown Castle during the second quarter worth about $29,000. Operose Advisors LLC acquired a new position in shares of Crown Castle during the third quarter worth about $30,000. Finally, Valley National Advisers Inc. boosted its position in shares of 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 worth $33,000 after buying an additional 97 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Stock Performance

NYSE:CCI traded down $1.69 on Wednesday, hitting $93.96. The company’s stock had a trading volume of 4,055,241 shares, compared to its average volume of 2,432,894. 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 fifty day moving average of $105.69 and a two-hundred day moving average of $105.23. The firm has a market capitalization of $40.83 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.54 and a beta of 0.73. Crown Castle Inc. has a one year low of $84.72 and a one year high of $134.09.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 annualized dividend and a yield of 6.66%. Crown Castle’s dividend payout ratio is 180.92%.

Analyst Upgrades and Downgrades

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

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.