Horan Capital Advisors LLC. Sells 3,607 Shares of Crown Castle Inc. (NYSE:CCI)

Horan Capital Advisors LLC. cut its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,261 shares of the real estate investment trust's stock after selling 3,607 shares during the quarter. Horan Capital Advisors LLC.'s holdings in Crown Castle were worth $2,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CCI. Catalyst Capital Advisors LLC bought a new position in shares of Crown Castle in the 3rd quarter worth approximately $25,000. FNY Investment Advisers LLC increased its holdings in Crown Castle by 300.0% during the fourth 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. Roxbury Financial LLC bought a new position in Crown Castle in the fourth quarter worth approximately $37,000. Harbor Capital Advisors Inc. purchased a new position in shares of Crown Castle during the 3rd quarter worth $47,000. Finally, Investors Research Corp grew its position in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 154 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCI. JMP Securities assumed coverage on Crown Castle in a research report on Monday, January 27th. They set an "outperform" rating and a $115.00 target price on the stock. Barclays raised Crown Castle from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Moffett Nathanson cut their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citigroup decreased their target price on shares of Crown Castle from $128.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price target on shares of Crown Castle from $100.00 to $85.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $108.75.

Crown Castle Price Performance

NYSE:CCI traded up $0.58 during trading hours on Wednesday, reaching $94.79. The stock had a trading volume of 1,966,237 shares, compared to its average volume of 2,529,785. The company has a 50 day moving average price of $89.92 and a two-hundred day moving average price of $102.12. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market capitalization of $41.20 billion, a PE ratio of 33.61 and a beta of 0.88. 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is 221.99%.

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.