Foresight Group Ltd Liability Partnership Decreases Position in Crown Castle Inc. (NYSE:CCI)

Foresight Group Ltd Liability Partnership decreased its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,680 shares of the real estate investment trust's stock after selling 32,339 shares during the period. Crown Castle comprises about 4.7% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 8th largest position. Foresight Group Ltd Liability Partnership's holdings in Crown Castle were worth $7,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in Crown Castle during the 3rd quarter worth $25,000. Rosenberg Matthew Hamilton lifted its position in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Crown Castle during the third quarter worth about $47,000. FNY Investment Advisers LLC increased 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 valued at $36,000 after buying an additional 300 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of Crown Castle by 3,672.7% during the 2nd quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust's stock worth $41,000 after buying an additional 404 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Crown Castle from $115.00 to $124.00 and gave the company a "neutral" rating in a report on Monday, September 23rd. Jefferies Financial Group lowered Crown Castle from a "buy" rating to a "hold" rating and decreased their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. UBS Group boosted their price target on shares of Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Crown Castle from $105.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $113.00.

Crown Castle Stock Performance

Shares of Crown Castle stock traded up $0.38 during trading hours on Friday, reaching $91.03. The company had a trading volume of 4,990,378 shares, compared to its average volume of 3,430,232. 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 one year low of $84.20 and a one year high of $120.92. The firm has a market cap of $39.56 billion, a PE ratio of 32.28 and a beta of 0.87. The business has a fifty day simple moving average of $96.96 and a 200 day simple moving average of $105.57.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.88%. The ex-dividend date was Friday, December 13th. Crown Castle's dividend payout ratio is presently 221.99%.

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.