Stablepoint Partners LLC Has $4.02 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Stablepoint Partners LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,294 shares of the real estate investment trust’s stock after selling 2,593 shares during the period. Stablepoint Partners LLC’s holdings in Crown Castle were worth $4,020,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle in the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its position in 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 lifted its holdings in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Crown Castle in the third quarter valued at about $47,000. Finally, Friedenthal Financial acquired a new position in shares of Crown Castle in the third quarter valued at about $50,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Down 0.2 %

Shares of CCI opened at $88.49 on Friday. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 31.38 and a beta of 0.87. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a fifty day moving average of $95.29 and a 200-day moving average of $105.30.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analysts Set New Price Targets

A number of analysts have issued reports on CCI shares. TD Cowen cut their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday. UBS Group raised their target price on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. 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. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average target price of $109.80.

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.