Advisors Management Group Inc. ADV Has $354,000 Holdings in Crown Castle Inc. (NYSE:CCI)

Advisors Management Group Inc. ADV grew its stake in shares of Crown Castle Inc. (NYSE:CCI) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,070 shares of the real estate investment trust’s stock after acquiring an additional 369 shares during the period. Advisors Management Group Inc. ADV’s holdings in Crown Castle were worth $354,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Magnolia Capital Advisors LLC raised its holdings in shares of Crown Castle by 3.2% in the 4th quarter. Magnolia Capital Advisors LLC now owns 2,375 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 73 shares during the last quarter. Summit Financial Group Inc. grew its position in Crown Castle by 5.5% in the 3rd quarter. Summit Financial Group Inc. now owns 1,638 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 85 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Crown Castle by 2.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,678 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 86 shares in the last quarter. Townsend & Associates Inc grew its position in Crown Castle by 5.7% in the 4th quarter. Townsend & Associates Inc now owns 1,682 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 90 shares in the last quarter. Finally, Dakota Community Bank & Trust NA grew its position in Crown Castle by 4.2% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 2,215 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 90 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets raised shares of Crown Castle from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $107.00 to $110.00 in a research report on Friday, January 19th. Royal Bank of Canada raised their price target on shares of Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Finally, HSBC started coverage on shares of Crown Castle in a research note on Thursday, December 14th. They set a “hold” rating and a $110.00 price target for the company. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $118.93.

Crown Castle Stock Performance

CCI stock traded down $4.32 during midday trading on Wednesday, reaching $97.68. 2,932,054 shares of the company’s stock traded hands, compared to its average volume of 2,732,637. The company has a 50-day moving average price of $106.88 and a two-hundred day moving average price of $105.06. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.40 and a current ratio of 0.40. Crown Castle Inc. has a 52 week low of $84.72 and a 52 week high of $136.07. The firm has a market capitalization of $42.44 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.41%. Crown Castle’s payout ratio is currently 180.92%.

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.