Sequoia Financial Advisors LLC Has $880,000 Stock Position in Crown Castle Inc. (NYSE:CCI)

Sequoia Financial Advisors LLC lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 15.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,701 shares of the real estate investment trust’s stock after buying an additional 1,272 shares during the period. Sequoia Financial Advisors LLC’s holdings in Crown Castle were worth $880,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CCI. Wellington Management Group LLP raised its holdings in shares of Crown Castle by 23.8% during the 3rd 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 buying an additional 3,371,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Crown Castle by 433.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust’s stock worth $470,838,000 after buying an additional 3,225,460 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Crown Castle during the 4th quarter worth $95,167,000. State Street Corp raised its holdings in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after buying an additional 747,390 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in Crown Castle by 9,471.0% during the 4th quarter. Proficio Capital Partners LLC now owns 747,590 shares of the real estate investment trust’s stock worth $748,000 after acquiring an additional 739,779 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Up 8.5 %

CCI stock opened at $103.20 on Monday. The stock’s 50 day simple moving average is $91.00 and its 200 day simple moving average is $101.32. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two 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 market cap of $44.85 billion, a P/E ratio of 36.59 and a beta of 0.89.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Analyst Upgrades and Downgrades

CCI has been the topic of a number of research reports. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a research report on Friday. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Moffett Nathanson reduced their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Citigroup upped their price target on Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.12.

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.