Crown Castle Inc. (NYSE:CCI) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 371,060 shares of the real estate investment trust's stock after selling 38,600 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Crown Castle worth $33,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCI. Twin Tree Management LP purchased a new stake in shares of Crown Castle in the 4th quarter worth $25,000. FNY Investment Advisers LLC lifted its stake in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new position in Crown Castle during the fourth quarter valued at $37,000. Marshall Investment Management LLC purchased a new stake in Crown Castle in the 4th quarter worth about $50,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Crown Castle in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Trading Up 1.4 %

Shares of CCI stock traded up $1.42 during trading hours on Wednesday, hitting $105.12. The company had a trading volume of 776,184 shares, compared to its average volume of 2,871,780. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $45.77 billion, a PE ratio of 37.28 and a beta of 0.93. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company's fifty day moving average is $99.51 and its 200 day moving average is $98.22.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is currently -69.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup restated a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. BMO Capital Markets reiterated a "market perform" rating on shares of Crown Castle in a report on Tuesday, March 25th. JMP Securities started coverage on shares of Crown Castle in a research report on Monday, January 27th. They issued an "outperform" rating and a $115.00 price objective on the stock. StockNews.com upgraded shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.47.

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.