Crown Castle Inc. (NYSE:CCI) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. trimmed its holdings in Crown Castle Inc. (NYSE:CCI) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,702 shares of the real estate investment trust’s stock after selling 372 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Crown Castle were worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Crown Castle during the 3rd quarter valued at $518,000. Great Valley Advisor Group Inc. purchased a new position in shares of Crown Castle in the 3rd quarter worth about $363,000. Cerity Partners LLC raised its holdings in shares of Crown Castle by 31.2% in the 3rd quarter. Cerity Partners LLC now owns 76,343 shares of the real estate investment trust’s stock worth $9,057,000 after purchasing an additional 18,176 shares during the period. Pitcairn Co. lifted its stake in shares of Crown Castle by 8.8% in the 3rd quarter. Pitcairn Co. now owns 3,814 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 308 shares in the last quarter. Finally, Swedbank AB increased its position in Crown Castle by 0.4% during the 3rd quarter. Swedbank AB now owns 248,150 shares of the real estate investment trust’s stock worth $29,438,000 after purchasing an additional 898 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCI shares. Moffett Nathanson decreased their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Friday, March 14th. JMP Securities began coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Scotiabank reduced 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. Finally, Argus raised shares of Crown Castle to a “hold” rating in a research report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $100.43 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a 50-day simple moving average of $93.42 and a 200 day simple moving average of $100.86. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a market cap of $43.73 billion, a PE ratio of 35.61 and a beta of 0.89.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Friday, March 14th. Crown Castle’s payout ratio is -69.71%.

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.