Banco Bilbao Vizcaya Argentaria S.A. Sells 4,959 Shares of Crown Castle Inc. (NYSE:CCI)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,591 shares of the real estate investment trust's stock after selling 4,959 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Crown Castle were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CCI. Twin Tree Management LP purchased a new position in Crown Castle during the 4th quarter valued at about $25,000. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter valued at $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle during the 4th quarter valued at $50,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Crown Castle in the fourth quarter worth $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Shares of CCI opened at $100.18 on Monday. The stock has a market capitalization of $43.62 billion, a PE ratio of 35.52 and a beta of 0.93. 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 debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a 50 day moving average price of $99.02 and a 200-day moving average price of $98.25.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is currently -69.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCI. Raymond James raised shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their target price for the company from $128.00 to $122.00 in a research note on Friday, March 14th. Argus raised shares of Crown Castle to a "hold" rating in a report on Friday, March 21st. StockNews.com raised Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Scotiabank upped their price objective on Crown Castle from $99.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.47.

About Crown Castle

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.

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