Blair William & Co. IL Sells 9,359 Shares of Crown Castle Inc. (NYSE:CCI)

Blair William & Co. IL cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,587 shares of the real estate investment trust’s stock after selling 9,359 shares during the quarter. Blair William & Co. IL’s holdings in Crown Castle were worth $4,319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Accurate Wealth Management LLC boosted its stake in Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 126 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 133 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in Crown Castle by 6.4% in the 4th quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 137 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCI. Raymond James raised Crown Castle from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $128.00 to $122.00 in a research note on Friday, March 14th. UBS Group upgraded Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, March 14th. Bank of America assumed coverage on Crown Castle in a research report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 price objective for the company. KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Friday, March 14th. Finally, Barclays lifted their target price on shares of Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, March 17th. Eleven 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. Based on data from MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average target price of $110.00.

Crown Castle Trading Up 0.8 %

NYSE CCI opened at $104.39 on Tuesday. The firm has a market capitalization of $45.45 billion, a PE ratio of 37.02 and a beta of 0.89. The stock’s 50 day moving average is $94.47 and its 200 day moving average is $100.40. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month 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 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 $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s dividend payout ratio 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.