Xponance Inc. Sells 2,300 Shares of Crown Castle Inc. (NYSE:CCI)

Xponance Inc. lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,368 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Xponance Inc.’s holdings in Crown Castle were worth $6,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. GSA Capital Partners LLP bought a new stake in Crown Castle during the 3rd quarter valued at approximately $522,000. Empowered Funds LLC increased its stake in Crown Castle by 13.5% in the 3rd quarter. Empowered Funds LLC now owns 12,842 shares of the real estate investment trust’s stock worth $1,523,000 after acquiring an additional 1,531 shares during the last quarter. Pathstone Holdings LLC increased its stake in Crown Castle by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 41,982 shares of the real estate investment trust’s stock worth $4,980,000 after acquiring an additional 230 shares during the last quarter. Caprock Group LLC increased its stake in Crown Castle by 19.0% in the 3rd quarter. Caprock Group LLC now owns 11,285 shares of the real estate investment trust’s stock worth $1,339,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in Crown Castle by 46.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,293 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 1,674 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup lifted their price objective on Crown Castle from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Wells Fargo & Company raised Crown Castle from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research note on Monday. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, March 14th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. 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 company. According to data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.29.

Crown Castle Price Performance

CCI opened at $104.52 on Thursday. The business has a fifty day moving average of $91.98 and a 200 day moving average of $101.23. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week 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. The stock has a market cap of $45.43 billion, a P/E ratio of 37.07 and a beta of 0.89.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Friday, March 14th. Crown Castle’s payout ratio is currently -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.