Crown Castle Inc. (NYSE:CCI) Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,724 shares of the real estate investment trust's stock after selling 25,080 shares during the period. Lasalle Investment Management Securities LLC's holdings in Crown Castle were worth $4,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCI. Twin Tree Management LP purchased a new position in shares of Crown Castle in the 4th quarter valued at approximately $25,000. FNY Investment Advisers LLC lifted its holdings in shares of 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 worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC purchased a new position in Crown Castle in the 4th quarter valued at $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle in the 4th quarter valued at $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Barclays raised their price target on Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, March 17th. JMP Securities began coverage on Crown Castle in a report on Monday, January 27th. They set an "outperform" rating and a $115.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Finally, Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.47.

Crown Castle Trading Down 1.8 %

NYSE CCI traded down $1.91 during mid-day trading on Wednesday, reaching $102.46. 2,368,215 shares of the stock were exchanged, compared to its average volume of 2,883,608. The stock has a market capitalization of $44.61 billion, a PE ratio of 36.33 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 Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business's fifty day simple moving average is $98.26 and its 200 day simple moving average is $98.55.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend was 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.