Hantz Financial Services Inc. Sells 802 Shares of Crown Castle Inc. (NYSE:CCI)

Hantz Financial Services Inc. reduced its position in Crown Castle Inc. (NYSE:CCI) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,724 shares of the real estate investment trust’s stock after selling 802 shares during the period. Hantz Financial Services Inc.’s holdings in Crown Castle were worth $2,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Crown Castle by 2.1% during the second quarter. NewEdge Advisors LLC now owns 17,879 shares of the real estate investment trust’s stock valued at $1,747,000 after purchasing an additional 372 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Crown Castle by 47.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,368 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 1,087 shares in the last quarter. New Century Financial Group LLC purchased a new position in shares of Crown Castle in the 2nd quarter worth approximately $247,000. Clearbridge Investments LLC raised its holdings in Crown Castle by 9.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,335 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 297 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Crown Castle in the second quarter worth $11,229,000. 90.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a report on Monday. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $110.13.

Crown Castle Price Performance

NYSE CCI opened at $88.99 on Friday. The company has a market cap of $38.67 billion, a PE ratio of 31.56 and a beta of 0.87. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50 day moving average price is $94.42 and its 200-day moving average price is $105.12.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

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.