KCM Investment Advisors LLC Sells 13,714 Shares of Crown Castle Inc. (NYSE:CCI)

KCM Investment Advisors LLC lessened its stake in Crown Castle Inc. (NYSE:CCI) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,817 shares of the real estate investment trust’s stock after selling 13,714 shares during the period. KCM Investment Advisors LLC’s holdings in Crown Castle were worth $11,691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. Twin Tree Management LP bought a new stake in Crown Castle in the fourth quarter valued at approximately $25,000. FNY Investment Advisers LLC boosted its stake in shares of 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 purchasing an additional 300 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Crown Castle during the fourth quarter worth $37,000. Marshall Investment Management LLC bought a new position in Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in Crown Castle in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. UBS Group upgraded Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Barclays boosted their target price on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Crown Castle Stock Down 5.8 %

Shares of NYSE:CCI opened at $100.89 on Friday. The business’s 50 day moving average is $95.67 and its 200 day moving average is $100.24. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 35.78 and a beta of 0.89. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Friday, March 14th. Crown Castle’s dividend payout ratio is -69.71%.

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.