SG Americas Securities LLC Sells 36,793 Shares of Crown Castle Inc. (NYSE:CCI)

SG Americas Securities LLC trimmed its stake in Crown Castle Inc. (NYSE:CCI) by 69.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,389 shares of the real estate investment trust’s stock after selling 36,793 shares during the period. SG Americas Securities LLC’s holdings in Crown Castle were worth $1,888,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new stake in Crown Castle in the third quarter valued at $28,000. ST Germain D J Co. Inc. bought a new stake in Crown Castle in the second quarter valued at $27,000. West Tower Group LLC bought a new stake in Crown Castle in the second quarter valued at $28,000. Union Savings Bank acquired a new position in Crown Castle in the second quarter worth $27,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in Crown Castle in the second quarter worth $29,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Up 3.6 %

NYSE:CCI opened at $105.59 on Thursday. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $136.29. The business’s 50-day moving average price is $107.92 and its two-hundred day moving average price is $104.61. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.46. The firm has a market capitalization of $45.88 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.75 and a beta of 0.74.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 5.93%. The ex-dividend date is Thursday, March 14th. Crown Castle’s payout ratio is 180.92%.

Analysts Set New Price Targets

A number of research firms have commented on CCI. Royal Bank of Canada boosted 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. HSBC began coverage on Crown Castle in a research note on Thursday, December 14th. They issued a “hold” rating and a $110.00 price objective on the stock. BMO Capital Markets raised Crown Castle from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $107.00 to $110.00 in a research note on Friday, January 19th. Finally, Wells Fargo & Company raised Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $90.00 to $115.00 in a research note on Tuesday, December 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $121.33.

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.