Rockefeller Capital Management L.P. Sells 68,683 Shares of Crown Castle Inc. (NYSE:CCI)

Rockefeller Capital Management L.P. lessened its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,427 shares of the real estate investment trust's stock after selling 68,683 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Crown Castle were worth $8,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock worth $613,900,000 after buying an additional 348,296 shares during the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Crown Castle by 6.6% in the 3rd quarter. Bard Financial Services Inc. now owns 10,080 shares of the real estate investment trust's stock worth $1,196,000 after acquiring an additional 620 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Crown Castle by 111.7% in the 3rd quarter. Anchor Investment Management LLC now owns 1,397 shares of the real estate investment trust's stock worth $166,000 after acquiring an additional 737 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of Crown Castle by 16.7% in the 3rd quarter. World Investment Advisors LLC now owns 3,374 shares of the real estate investment trust's stock valued at $400,000 after purchasing an additional 484 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Crown Castle during the 3rd quarter valued at $1,038,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCI shares. Barclays upped their price target on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, March 17th. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and reduced their price target for the stock from $128.00 to $122.00 in a research report on Friday, March 14th. BMO Capital Markets reiterated a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Scotiabank cut their target price on shares of Crown Castle from $102.00 to $99.00 and set a "sector perform" rating on the stock in a report on Friday, March 14th. Finally, Citizens Jmp upgraded shares of Crown Castle to a "strong-buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $109.88.

Crown Castle Trading Up 0.8 %

Shares of NYSE CCI opened at $101.34 on Thursday. The stock has a market cap of $44.13 billion, a P/E ratio of 35.94 and a beta of 0.93. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The firm has a 50-day moving average of $97.20 and a 200 day moving average of $99.01.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.18%. 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.

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