Blair William & Co. IL Trims Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Blair William & Co. IL lowered its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,587 shares of the real estate investment trust's stock after selling 9,359 shares during the quarter. Blair William & Co. IL's holdings in Crown Castle were worth $4,319,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Versor Investments LP increased its holdings in Crown Castle by 120.0% in the fourth quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 4,608 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust's stock valued at $113,465,000 after buying an additional 282,821 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Crown Castle during the 4th quarter worth $1,231,000. Avanza Fonder AB purchased a new stake in shares of Crown Castle in the 4th quarter worth about $3,083,000. Finally, Citizens Business Bank acquired a new stake in Crown Castle in the 3rd quarter valued at about $620,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCI. Wells Fargo & Company upgraded shares of Crown Castle from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $85.00 to $105.00 in a research report on Monday, March 17th. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Argus upgraded Crown Castle to a "hold" rating in a research report on Friday, March 21st. Barclays lifted their price objective on Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. Finally, KeyCorp upgraded shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 target price on the stock in a report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Crown Castle currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Crown Castle Stock Down 5.8 %

NYSE CCI traded down $6.17 on Friday, reaching $100.89. The company had a trading volume of 4,772,543 shares, compared to its average volume of 2,880,876. 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 Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The firm has a 50-day moving average of $95.67 and a 200-day moving average of $100.11. The firm has a market capitalization of $43.93 billion, a PE ratio of 35.78 and a beta of 0.89.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.20%. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

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.