Avior Wealth Management LLC Has $647,000 Position in Crown Castle Inc. (NYSE:CCI)

Avior Wealth Management LLC grew its position in shares of Crown Castle Inc. (NYSE:CCI) by 1,014.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,615 shares of the real estate investment trust’s stock after purchasing an additional 5,111 shares during the quarter. Avior Wealth Management LLC’s holdings in Crown Castle were worth $647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Almanack Investment Partners LLC. bought a new position in shares of Crown Castle during the third quarter valued at $28,000. PCA Investment Advisory Services Inc. bought a new position in Crown Castle during the 2nd quarter worth $29,000. Riverview Trust Co raised its position in Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 140 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in Crown Castle during the 4th quarter worth about $37,000. Finally, Valley National Advisers Inc. grew its position in shares of Crown Castle by 51.1% in the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $93.03 on Thursday. Crown Castle Inc. has a one year low of $84.72 and a one year high of $134.09. The company has a market cap of $40.42 billion, a PE ratio of 26.89, a P/E/G ratio of 2.50 and a beta of 0.73. The stock has a 50-day moving average of $105.41 and a 200-day moving average of $105.15. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.40 and a quick ratio of 0.40.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently 180.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCI shares. Royal Bank of Canada lifted their price objective on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. BMO Capital Markets upgraded shares of Crown Castle from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $107.00 to $110.00 in a research report on Friday, January 19th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $118.93.

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.