Sepio Capital LP Lowers Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Sepio Capital LP lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,287 shares of the real estate investment trust's stock after selling 7,340 shares during the quarter. Sepio Capital LP's holdings in Crown Castle were worth $1,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CCI. Twin Tree Management LP purchased a new stake in shares of Crown Castle during the 4th quarter worth $25,000. FNY Investment Advisers LLC lifted its position 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 valued at $36,000 after buying an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Crown Castle in the 4th quarter valued at about $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle in the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Crown Castle during the 4th quarter worth approximately $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Stock Performance

NYSE:CCI traded up $1.49 during trading hours on Friday, reaching $96.65. The company had a trading volume of 3,419,518 shares, compared to its average volume of 2,921,291. 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 business's 50 day moving average price is $96.56 and its 200-day moving average price is $99.21. The firm has a market cap of $42.09 billion, a PE ratio of 34.27 and a beta of 0.93.

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Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Moffett Nathanson reduced their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citigroup reiterated a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Wells Fargo & Company raised Crown Castle from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $85.00 to $105.00 in a report on Monday, March 17th. Royal Bank of Canada cut their price objective on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating on the stock in a report on Friday. Finally, Bank of America initiated coverage on shares of Crown Castle in a research report on Thursday, March 20th. They set a "neutral" rating and a $110.00 target price on the stock. One research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $109.88.

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.