Crown Castle Inc. (NYSE:CCI) Stake Trimmed by Signaturefd LLC

Signaturefd LLC lowered its stake in Crown Castle Inc. (NYSE:CCI) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,936 shares of the real estate investment trust’s stock after selling 1,233 shares during the quarter. Signaturefd LLC’s holdings in Crown Castle were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CCI. GSA Capital Partners LLP purchased a new position in Crown Castle in the 3rd quarter worth about $522,000. Empowered Funds LLC boosted its position in Crown Castle by 13.5% during the 3rd quarter. Empowered Funds LLC now owns 12,842 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 1,531 shares during the period. TrinityPoint Wealth LLC acquired a new stake in Crown Castle during the 3rd quarter worth about $255,000. Quest Partners LLC boosted its position in Crown Castle by 3,111.6% during the 3rd quarter. Quest Partners LLC now owns 13,328 shares of the real estate investment trust’s stock worth $1,581,000 after acquiring an additional 12,913 shares during the period. Finally, Pathstone Holdings LLC boosted its position in Crown Castle by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 41,982 shares of the real estate investment trust’s stock worth $4,980,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 1.9 %

NYSE:CCI opened at $104.90 on Wednesday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business’s 50-day moving average price is $91.64 and its two-hundred day moving average price is $101.21. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 37.20 and a beta of 0.89.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s payout ratio is -69.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CCI shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. JMP Securities initiated coverage on Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Scotiabank dropped their price target on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research report on Friday, March 14th. Wolfe Research raised Crown Castle from an “underperform” rating to a “peer perform” rating in a research report on Monday. Finally, Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $110.29.

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.