Prudent Man Advisors LLC Has $207,000 Position in Crown Castle Inc. (NYSE:CCI)

Prudent Man Advisors LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 10.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,278 shares of the real estate investment trust’s stock after selling 279 shares during the period. Prudent Man Advisors LLC’s holdings in Crown Castle were worth $207,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Malaga Cove Capital LLC increased its stake in Crown Castle by 1.8% in the third quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 100 shares during the period. Napa Wealth Management increased its stake in Crown Castle by 4.6% in the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 122 shares during the period. Accurate Wealth Management LLC increased its stake in Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 124 shares during the period. Exchange Traded Concepts LLC increased its stake in Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 126 shares during the period. Finally, IFP Advisors Inc increased its stake in Crown Castle by 5.9% in the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Price Performance

Shares of CCI stock opened at $94.13 on Friday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The firm’s 50 day moving average is $89.75 and its 200-day moving average is $102.38. The firm has a market capitalization of $40.91 billion, a price-to-earnings ratio of 33.38 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.565 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.65%. Crown Castle’s dividend payout ratio is currently 221.99%.

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.