Crown Castle Inc. (NYSE:CCI) Shares Sold by Natixis

Natixis lessened its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 551,175 shares of the real estate investment trust's stock after selling 179,501 shares during the period. Natixis owned 0.13% of Crown Castle worth $50,025,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versor Investments LP lifted its holdings in Crown Castle by 120.0% in the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock worth $767,000 after purchasing an additional 4,608 shares in the last quarter. Nordea Investment Management AB grew its stake in Crown Castle by 29.4% during the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust's stock valued at $113,465,000 after acquiring an additional 282,821 shares in the last quarter. Oak Thistle LLC purchased a new stake in Crown Castle in the 4th quarter worth $1,231,000. Avanza Fonder AB bought a new position in shares of Crown Castle during the 4th quarter valued at about $3,083,000. Finally, American Century Companies Inc. grew its position in shares of Crown Castle by 3.4% during the fourth quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock valued at $13,139,000 after purchasing an additional 4,772 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCI has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Moffett Nathanson decreased their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Argus upgraded shares of Crown Castle to a "hold" rating in a research note on Friday, March 21st. Bank of America assumed coverage on Crown Castle in a research note on Thursday, March 20th. They set a "neutral" rating and a $110.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.47.

Crown Castle Stock Performance

Crown Castle stock traded down $1.24 during mid-day trading on Thursday, hitting $101.04. The company had a trading volume of 1,690,445 shares, compared to its average volume of 2,879,321. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company's fifty day moving average is $98.55 and its 200-day moving average is $98.58. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 35.83 and a beta of 0.93.

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 given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is presently -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.