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

Blair William & Co. IL reduced its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Crown Castle by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust’s stock worth $5,672,451,000 after buying an additional 5,934,615 shares during the last quarter. Wellington Management Group LLP boosted its stake in Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Crown Castle during the 4th quarter valued at approximately $95,167,000. State Street Corp increased its stake in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Crown Castle by 9,471.0% in the 4th quarter. Proficio Capital Partners LLC now owns 747,590 shares of the real estate investment trust’s stock worth $748,000 after purchasing an additional 739,779 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $104.39 on Tuesday. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market cap of $45.45 billion, a PE ratio of 37.02 and a beta of 0.89. The stock has a 50-day moving average price of $94.47 and a 200-day moving average price of $100.40.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.00%. Crown Castle’s payout ratio is presently -69.71%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CCI shares. KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Friday, March 14th. Citigroup boosted their price objective on Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, March 14th. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Wolfe Research upgraded shares of Crown Castle from an “underperform” rating to a “peer perform” rating in a research note on Monday, March 17th. Finally, Barclays lifted their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

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.