Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,153 Shares of Crown Castle Inc. (NYSE:CCI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 723,347 shares of the real estate investment trust's stock after selling 3,153 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.17% of Crown Castle worth $65,651,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP acquired a new stake in shares of Crown Castle during the 4th quarter worth $25,000. FNY Investment Advisers LLC grew its stake in Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock worth $36,000 after buying an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter valued at about $37,000. Investors Research Corp raised its position in shares of Crown Castle by 57.2% in the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 154 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the 4th quarter worth approximately $50,000. Institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

CCI has been the subject of several recent analyst reports. Barclays upped their target price on Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, March 17th. UBS Group upgraded Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective for the company in a research report on Friday, March 14th. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Jefferies Financial Group cut shares of Crown Castle from a "buy" rating to a "hold" rating and dropped their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Citigroup lifted their price target on shares of Crown Castle from $106.00 to $108.00 and gave the company a "buy" rating in a report on Friday, March 14th. Eleven equities research 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 stock. According to data from MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and an average price target of $110.00.

Remove Ads

Crown Castle Trading Down 1.9 %

CCI stock traded down $1.98 during trading on Monday, hitting $104.42. The company had a trading volume of 4,168,611 shares, compared to its average volume of 2,646,278. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business has a 50-day moving average of $93.15 and a 200-day moving average of $100.97. The stock has a market cap of $45.47 billion, a PE ratio of 37.03 and a beta of 0.89.

Crown Castle Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

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.