Lindbrook Capital LLC Sells 187 Shares of Crown Castle Inc. (NYSE:CCI)

Lindbrook Capital LLC reduced its holdings in Crown Castle Inc. (NYSE:CCI) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,442 shares of the real estate investment trust’s stock after selling 187 shares during the quarter. Lindbrook Capital LLC’s holdings in Crown Castle were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCI. Carmel Capital Partners LLC increased its position in shares of Crown Castle by 13.6% in the fourth quarter. Carmel Capital Partners LLC now owns 4,029 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 483 shares during the last quarter. Inceptionr LLC purchased a new position in Crown Castle in the 4th quarter worth approximately $418,000. Raymond James Financial Inc. purchased a new position in Crown Castle in the 4th quarter worth approximately $95,167,000. Aigen Investment Management LP bought a new position in shares of Crown Castle in the 4th quarter worth $209,000. Finally, Proficio Capital Partners LLC raised its position in shares of Crown Castle by 5.5% during the 4th quarter. Proficio Capital Partners LLC now owns 8,237 shares of the real estate investment trust’s stock valued at $748,000 after buying an additional 426 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Citigroup decreased their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Scotiabank cut their target price 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. Finally, JMP Securities started coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle Price Performance

CCI opened at $95.22 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $41.38 billion, a PE ratio of 33.77 and a beta of 0.88. The stock’s 50 day moving average price is $90.08 and its 200-day moving average price is $102.02. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.57%. Crown Castle’s payout ratio is 221.99%.

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.