EverSource Wealth Advisors LLC Has $257,000 Stake in Crown Castle Inc. (NYSE:CCI)

EverSource Wealth Advisors LLC boosted its stake in shares of Crown Castle Inc. (NYSE:CCI) by 84.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,831 shares of the real estate investment trust’s stock after purchasing an additional 1,294 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Crown Castle were worth $257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC boosted its holdings in shares of 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 worth $36,000 after acquiring an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter valued at $37,000. Investors Research Corp boosted its stake in Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Crown Castle in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $103.20 on Friday. The company has a market cap of $44.85 billion, a PE ratio of 36.59 and a beta of 0.89. The firm has a 50-day moving average of $91.00 and a 200-day moving average of $101.40. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.07%. Crown Castle’s dividend payout ratio is 221.99%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCI. Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Scotiabank reduced their target price on shares of Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Friday. UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Friday. Citigroup upped their target price on shares of Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. Finally, Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.12.

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.