Crown Castle Inc. (NYSE:CCI) Shares Sold by Andra AP fonden

Andra AP fonden decreased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,700 shares of the real estate investment trust’s stock after selling 21,200 shares during the period. Andra AP fonden’s holdings in Crown Castle were worth $8,141,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCI. FNY Investment Advisers LLC raised its position in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Crown Castle during the 4th quarter valued at about $37,000. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the third quarter worth about $47,000. Investors Research Corp grew its holdings in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 154 shares during the last quarter. Finally, Marshall Investment Management LLC bought a new position in Crown Castle during the 4th quarter worth $50,000. 90.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank dropped their price target on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Moffett Nathanson dropped their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.75.

Crown Castle Price Performance

CCI opened at $97.78 on Friday. The firm has a market capitalization of $42.49 billion, a P/E ratio of 34.67 and a beta of 0.89. The stock has a fifty day moving average of $90.22 and a 200-day moving average of $101.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.40%. Crown Castle’s payout ratio 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.