Crown Castle Inc. (NYSE:CCI) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,875 shares of the real estate investment trust's stock after selling 46,878 shares during the period. Crown Castle comprises about 2.3% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 10th largest holding. Uniplan Investment Counsel Inc. owned approximately 0.06% of Crown Castle worth $25,038,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC grew its position in Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock valued at $613,900,000 after buying an additional 348,296 shares in the last quarter. Bard Financial Services Inc. lifted its stake in Crown Castle by 6.6% during the third quarter. Bard Financial Services Inc. now owns 10,080 shares of the real estate investment trust's stock valued at $1,196,000 after buying an additional 620 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Crown Castle by 111.7% in the 3rd quarter. Anchor Investment Management LLC now owns 1,397 shares of the real estate investment trust's stock valued at $166,000 after acquiring an additional 737 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of Crown Castle by 16.7% in the third quarter. World Investment Advisors LLC now owns 3,374 shares of the real estate investment trust's stock worth $400,000 after buying an additional 484 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Crown Castle during the 3rd quarter worth about $1,038,000. Institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

CCI has been the subject of several recent research reports. Scotiabank decreased their target price on shares of Crown Castle from $102.00 to $99.00 and set a "sector perform" rating for the company in a research report on Friday, March 14th. UBS Group upgraded Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target for the company in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. KeyCorp upgraded shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price target on the stock in a research note on Friday, March 14th. Finally, Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $109.88.

Crown Castle Price Performance

Shares of NYSE CCI opened at $102.22 on Tuesday. The firm's 50-day simple moving average is $97.97 and its 200 day simple moving average is $98.51. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 36.25 and a beta of 0.93. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date was Friday, March 14th. Crown Castle's payout ratio is -69.71%.

Crown Castle Company 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.

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