Cerity Partners LLC Sells 14,158 Shares of Crown Castle Inc. (NYSE:CCI)

Cerity Partners LLC trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,185 shares of the real estate investment trust's stock after selling 14,158 shares during the period. Cerity Partners LLC's holdings in Crown Castle were worth $5,644,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCI. Twin Tree Management LP bought a new stake in shares of Crown Castle in the fourth quarter worth $25,000. FNY Investment Advisers LLC boosted its stake in shares of Crown Castle by 300.0% during the 4th 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 during the last quarter. Roxbury Financial LLC bought a new position in shares of Crown Castle in the 4th quarter valued at about $37,000. Marshall Investment Management LLC acquired a new stake in shares of Crown Castle in the fourth quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in Crown Castle during the fourth quarter valued at approximately $53,000. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCI. JPMorgan Chase & Co. cut their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and reduced their target price for the stock from $128.00 to $122.00 in a research note on Friday, March 14th. Finally, Barclays upped their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Crown Castle presently has an average rating of "Hold" and a consensus target price of $109.88.

Crown Castle Trading Up 2.2 %

NYSE CCI traded up $2.26 during trading hours on Friday, reaching $103.51. The company's stock had a trading volume of 1,860,139 shares, compared to its average volume of 2,905,271. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $45.07 billion, a P/E ratio of 36.71 and a beta of 0.93. The firm has a fifty day simple moving average of $97.48 and a 200-day simple moving average of $98.91.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.05%. Crown Castle's dividend payout ratio is -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.