Crown Castle Inc. (NYSE:CCI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 997,800 shares of the real estate investment trust's stock after selling 61,500 shares during the quarter. Thrivent Financial for Lutherans owned about 0.23% of Crown Castle worth $90,561,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Retirement Planning Co of New England Inc. grew its stake in Crown Castle by 44.1% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 6,107 shares of the real estate investment trust's stock valued at $554,000 after purchasing an additional 1,870 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Crown Castle by 3,827.5% in the 4th quarter. Parallel Advisors LLC now owns 183,965 shares of the real estate investment trust's stock worth $16,697,000 after buying an additional 179,281 shares during the last quarter. Cibc World Markets Corp lifted its position in Crown Castle by 141.6% during the fourth quarter. Cibc World Markets Corp now owns 419,998 shares of the real estate investment trust's stock valued at $38,119,000 after acquiring an additional 246,183 shares during the last quarter. Twin Tree Management LP acquired a new stake in Crown Castle in the fourth quarter valued at approximately $25,000. Finally, American Assets Capital Advisers LLC grew its holdings in Crown Castle by 8.1% in the fourth quarter. American Assets Capital Advisers LLC now owns 26,694 shares of the real estate investment trust's stock worth $2,423,000 after purchasing an additional 2,000 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America began coverage on Crown Castle in a report on Thursday. They set a "neutral" rating and a $110.00 price objective for the company. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $128.00 to $122.00 in a research note on Friday, March 14th. Citigroup raised their price target on Crown Castle from $106.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, March 14th. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Friday, March 14th. Finally, Moffett Nathanson lowered their target price on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Crown Castle Stock Performance

Shares of NYSE:CCI traded up $2.02 during midday trading on Friday, reaching $106.61. The company's stock had a trading volume of 9,214,451 shares, compared to its average volume of 2,640,163. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a fifty day moving average of $92.77 and a 200 day moving average of $101.13. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a market capitalization of $46.42 billion, a PE ratio of 37.81 and a beta of 0.89.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 5.87%. The ex-dividend date is Friday, March 14th. Crown Castle's dividend payout ratio is currently -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.