Crown Castle Inc. (NYSE:CCI) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,585 shares of the real estate investment trust’s stock after selling 163 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Crown Castle were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its stake in shares of Crown Castle by 44.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 48,918 shares of the real estate investment trust’s stock worth $4,440,000 after acquiring an additional 14,975 shares during the period. Pacer Advisors Inc. increased its stake in shares of Crown Castle by 21.3% during the fourth quarter. Pacer Advisors Inc. now owns 247,572 shares of the real estate investment trust’s stock worth $22,470,000 after acquiring an additional 43,439 shares during the period. Blue Trust Inc. increased its stake in shares of Crown Castle by 38.5% during the fourth quarter. Blue Trust Inc. now owns 3,782 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 1,051 shares during the period. Maple Brown Abbott Ltd increased its stake in shares of Crown Castle by 7.9% during the fourth quarter. Maple Brown Abbott Ltd now owns 945,268 shares of the real estate investment trust’s stock worth $85,793,000 after acquiring an additional 69,150 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Crown Castle during the fourth quarter worth about $259,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Up 4.3 %

CCI stock opened at $92.33 on Tuesday. The company’s 50 day simple moving average is $95.29 and its 200-day simple moving average is $105.41. The firm has a market capitalization of $40.13 billion, a PE ratio of 32.74 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 debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CCI shares. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday. They set an “outperform” rating and a $115.00 price target on the stock. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup set a $128.00 target price on shares of Crown Castle in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average target price of $110.13.

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.