Crown Castle Inc. (NYSE:CCI) Shares Sold by Graypoint LLC

Graypoint LLC trimmed its stake in shares of Crown Castle Inc. (NYSE:CCI) by 21.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,582 shares of the real estate investment trust’s stock after selling 693 shares during the period. Graypoint LLC’s holdings in Crown Castle were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. United Services Automobile Association boosted its position in Crown Castle by 23.1% during the third quarter. United Services Automobile Association now owns 13,411 shares of the real estate investment trust’s stock worth $1,234,000 after purchasing an additional 2,516 shares in the last quarter. Van ECK Associates Corp boosted its position in Crown Castle by 0.5% during the third quarter. Van ECK Associates Corp now owns 117,914 shares of the real estate investment trust’s stock worth $10,852,000 after purchasing an additional 542 shares in the last quarter. International Assets Investment Management LLC boosted its position in Crown Castle by 8,611.0% during the fourth quarter. International Assets Investment Management LLC now owns 703,236 shares of the real estate investment trust’s stock worth $81,006,000 after purchasing an additional 695,163 shares in the last quarter. Manning & Napier Group LLC purchased a new position in Crown Castle during the fourth quarter worth approximately $5,005,000. Finally, Dynamic Advisor Solutions LLC boosted its position in Crown Castle by 82.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,963 shares of the real estate investment trust’s stock worth $4,205,000 after purchasing an additional 16,687 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. BMO Capital Markets upgraded Crown Castle from an “underperform” rating to a “market perform” rating and raised their target price for the company from $107.00 to $110.00 in a research report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle has an average rating of “Hold” and an average price target of $118.93.

Crown Castle Trading Down 1.1 %

NYSE:CCI opened at $95.62 on Tuesday. The firm has a market cap of $41.55 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The stock has a fifty day moving average price of $105.96 and a 200 day moving average price of $105.22. Crown Castle Inc. has a 12-month low of $84.72 and a 12-month high of $134.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.46.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.55%. Crown Castle’s dividend payout ratio (DPR) is presently 180.92%.

About Crown Castle

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.