MML Investors Services LLC Has $14.25 Million Holdings in Crown Castle Inc. (NYSE:CCI)

MML Investors Services LLC cut its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,993 shares of the real estate investment trust's stock after selling 6,730 shares during the period. MML Investors Services LLC's holdings in Crown Castle were worth $14,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCI. Accurate Wealth Management LLC grew its position in Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock worth $205,000 after buying an additional 124 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock worth $103,000 after acquiring an additional 126 shares during the period. IFP Advisors Inc grew its holdings in shares of Crown Castle by 5.9% during the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 133 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Crown Castle by 1.2% during the fourth quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 135 shares during the period. Finally, Cidel Asset Management Inc. raised its stake in shares of Crown Castle by 6.4% in the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 137 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCI. Argus raised shares of Crown Castle to a "hold" rating in a report on Friday, March 21st. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Barclays raised their price target on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Finally, Scotiabank raised their target price on Crown Castle from $99.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.47.

Crown Castle Stock Up 2.2 %

NYSE CCI opened at $104.39 on Wednesday. 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 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market capitalization of $45.45 billion, a P/E ratio of 37.02 and a beta of 0.93. The stock has a fifty day moving average of $98.26 and a 200-day moving average of $98.55.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.00%. Crown Castle's dividend payout ratio is currently -69.71%.

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.

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