Gilman Hill Asset Management LLC Sells 4,014 Shares of Crown Castle Inc. (NYSE:CCI)

Gilman Hill Asset Management LLC trimmed its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,944 shares of the real estate investment trust's stock after selling 4,014 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Crown Castle were worth $3,262,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its stake in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust's stock worth $113,465,000 after purchasing an additional 282,821 shares during the period. Van ECK Associates Corp boosted its position in shares of Crown Castle by 24.7% in the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust's stock worth $17,476,000 after buying an additional 31,319 shares during the period. Oak Thistle LLC purchased a new position in shares of Crown Castle during the fourth quarter valued at $1,231,000. Fisher Asset Management LLC raised its position in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust's stock valued at $603,592,000 after buying an additional 203,442 shares during the period. Finally, Citizens Business Bank purchased a new stake in Crown Castle in the 3rd quarter worth about $620,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

CCI traded up $0.38 on Monday, hitting $91.03. The company had a trading volume of 4,990,378 shares, compared to its average volume of 3,430,232. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87. 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 company's fifty day moving average price is $96.66 and its 200 day moving average price is $105.67. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

Crown Castle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCI. The Goldman Sachs Group lifted their target price on Crown Castle from $105.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Barclays upgraded shares of Crown Castle from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the company a "sector perform" rating in a research note on Monday, October 28th. TD Cowen lowered their price target on shares of Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company lowered Crown Castle from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $105.00 to $100.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $113.00.

Crown Castle 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.