Compass Wealth Management LLC Has $4.64 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

Compass Wealth Management LLC decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 51,065 shares of the real estate investment trust’s stock after selling 3,378 shares during the period. Compass Wealth Management LLC’s holdings in Crown Castle were worth $4,635,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its stake in shares of Crown Castle by 13.0% during the third quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 90 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Crown Castle by 2.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 91 shares during the last quarter. True North Advisors LLC boosted its position in Crown Castle by 4.2% during the 3rd quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 95 shares during the period. Malaga Cove Capital LLC grew its holdings in Crown Castle by 1.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 100 shares during the last quarter. Finally, Tsfg LLC increased its position in Crown Castle by 27.5% in the 3rd quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

CCI has been the topic of a number of recent research reports. Citigroup set a $128.00 price target on shares of Crown Castle in a report on Thursday, October 17th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. TD Cowen lowered their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.80.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $88.49 on Friday. The firm has a market capitalization of $38.46 billion, a PE ratio of 31.38 and a beta of 0.87. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a 50-day moving average price of $95.29 and a two-hundred day moving average price of $105.30. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 7.07%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Crown Castle 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.