Crown Castle Inc. (NYSE:CCI) Position Lowered by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,265 shares of the real estate investment trust's stock after selling 8,945 shares during the quarter. Tower Research Capital LLC TRC's holdings in Crown Castle were worth $1,476,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Crown Castle in the 4th quarter worth about $25,000. FNY Investment Advisers LLC lifted its holdings in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Crown Castle in the fourth quarter valued at about $37,000. Marshall Investment Management LLC acquired a new stake in shares of Crown Castle in the fourth quarter valued at approximately $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Crown Castle during the 4th quarter worth approximately $53,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Stock Down 0.6 %

Shares of CCI stock traded down $0.57 on Friday, hitting $100.18. The stock had a trading volume of 1,716,710 shares, compared to its average volume of 2,880,766. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The firm has a market capitalization of $43.62 billion, a price-to-earnings ratio of 35.52 and a beta of 0.93. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock's 50 day moving average is $99.02 and its 200-day moving average is $98.33.

Crown Castle Dividend Announcement

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 6.25%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is -69.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group cut Crown Castle from a "buy" rating to a "hold" rating and lowered their target price for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Friday, March 14th. Wolfe Research raised shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. StockNews.com upgraded shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Finally, Royal Bank of Canada cut their price target on Crown Castle from $109.00 to $107.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $110.47.

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.