Schnieders Capital Management LLC Trims Stake in Crown Castle Inc. (NYSE:CCI)

Schnieders Capital Management LLC trimmed its stake in Crown Castle Inc. (NYSE:CCI) by 40.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,105 shares of the real estate investment trust’s stock after selling 2,130 shares during the period. Schnieders Capital Management LLC’s holdings in Crown Castle were worth $282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after purchasing an additional 282,821 shares in the last quarter. Van ECK Associates Corp increased its stake in Crown Castle by 24.7% in the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after buying an additional 31,319 shares in the last quarter. Oak Thistle LLC purchased a new stake in Crown Castle in the 4th quarter worth $1,231,000. Avanza Fonder AB purchased a new stake in Crown Castle in the 4th quarter worth $3,083,000. Finally, Fisher Asset Management LLC increased its stake in Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after buying an additional 203,442 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Stock Down 1.9 %

Shares of NYSE:CCI opened at $91.58 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a 50-day moving average price of $89.63 and a 200 day moving average price of $102.61. The company has a market cap of $39.80 billion, a price-to-earnings ratio of 32.48 and a beta of 0.88.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.84%. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities assumed coverage on Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group lowered Crown Castle from a “buy” rating to a “hold” rating and cut their price target for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Scotiabank cut their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle presently has a consensus rating of “Hold” and a consensus target price of $108.75.

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.