O Shaughnessy Asset Management LLC Lowers Stock Holdings in Crown Castle Inc. (NYSE:CCI)

O Shaughnessy Asset Management LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,094 shares of the real estate investment trust's stock after selling 8,337 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Crown Castle were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CCI. Twin Tree Management LP bought a new stake in shares of Crown Castle during the fourth quarter valued at approximately $25,000. FNY Investment Advisers LLC boosted its holdings in shares of Crown Castle by 300.0% during the 4th 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 in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Crown Castle in the 4th quarter worth about $37,000. Marshall Investment Management LLC purchased a new stake in shares of Crown Castle in the 4th quarter worth about $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle during the 4th quarter valued at about $53,000. 90.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

CCI has been the subject of a number of analyst reports. KeyCorp raised shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 target price for the company in a research note on Friday, March 14th. Jefferies Financial Group cut Crown Castle from a "buy" rating to a "hold" rating and lowered their price objective for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research note on Tuesday, March 25th. JMP Securities started coverage on Crown Castle in a research report on Monday, January 27th. They issued an "outperform" rating and a $115.00 price target for the company. Finally, Citigroup reissued a "buy" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.00.

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Crown Castle Stock Performance

CCI traded down $6.17 during trading on Friday, hitting $100.89. The company's stock had a trading volume of 4,772,543 shares, compared to its average volume of 2,880,876. The business's 50 day simple moving average is $95.67 and its 200-day simple moving average is $100.24. The firm has a market cap of $43.93 billion, a PE ratio of 35.78 and a beta of 0.89. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.20%. Crown Castle's payout ratio is currently -69.71%.

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.