Exencial Wealth Advisors LLC Has $1.36 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Exencial Wealth Advisors LLC cut its stake in shares of Crown Castle Inc. (NYSE:CCI) by 83.3% during the fourth quarter, Holdings Channel reports. The firm owned 14,929 shares of the real estate investment trust’s stock after selling 74,343 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Crown Castle were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its position in shares of Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the period. Wellington Management Group LLP raised its position in shares of Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares during the period. Geode Capital Management LLC raised its position in shares of Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock worth $1,434,229,000 after purchasing an additional 151,990 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Crown Castle by 2.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,218,431 shares of the real estate investment trust’s stock valued at $473,625,000 after buying an additional 130,414 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after buying an additional 348,296 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

NYSE CCI opened at $94.79 on Thursday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month 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 stock has a market capitalization of $41.20 billion, a PE ratio of 33.61 and a beta of 0.88. The stock has a 50-day simple moving average of $90.00 and a 200 day simple moving average of $102.07.

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 given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.60%. Crown Castle’s dividend payout ratio is presently 221.99%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and lowered their price target for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Citigroup lowered their target price on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.75.

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.