1,500 Shares in Crown Castle Inc. (NYSE:CCI) Bought by First Command Advisory Services Inc.

First Command Advisory Services Inc. acquired a new position in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,500 shares of the real estate investment trust’s stock, valued at approximately $136,000.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Crown Castle in the third quarter valued at $25,000. Rosenberg Matthew Hamilton lifted its holdings in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC lifted its holdings in Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in Crown Castle in the fourth quarter valued at $37,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Crown Castle in the third quarter valued at $47,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 2.1 %

Shares of CCI stock opened at $93.58 on Friday. 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 company has a 50-day simple moving average of $89.69 and a two-hundred day simple moving average of $102.55. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 33.18 and a beta of 0.88.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s payout ratio is 221.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JMP Securities assumed coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $117.00 to $104.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $108.75.

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.