Gilman Hill Asset Management LLC Has $3.26 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Gilman Hill Asset Management LLC trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,944 shares of the real estate investment trust’s stock after selling 4,014 shares during the period. Gilman Hill Asset Management LLC’s holdings in Crown Castle were worth $3,262,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CCI. Catalyst Capital Advisors LLC bought a new position in Crown Castle during the third quarter worth about $25,000. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares during the period. FNY Investment Advisers LLC boosted its stake in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Crown Castle in the third quarter valued at $47,000. Finally, Friedenthal Financial acquired a new position in Crown Castle during the third quarter worth $50,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCI shares. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. TD Cowen reduced their target price on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, UBS Group raised their price target on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Hold” and an average target price of $113.00.

Crown Castle Price Performance

Crown Castle stock opened at $91.03 on Monday. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. 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 business’s 50-day simple moving average is $96.66 and its 200 day simple moving average is $105.61.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.88%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio is 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.