Crown Castle Inc. (NYSE:CCI) Stock Holdings Lessened by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. decreased its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,875 shares of the real estate investment trust's stock after selling 46,878 shares during the period. Crown Castle accounts for about 2.3% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 10th biggest holding. Uniplan Investment Counsel Inc. owned 0.06% of Crown Castle worth $25,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. Vanguard Group Inc. grew its stake in Crown Castle by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock worth $5,672,451,000 after purchasing an additional 5,934,615 shares during the period. Wellington Management Group LLP grew its stake in Crown Castle by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust's stock valued at $1,892,332,000 after acquiring an additional 3,321,249 shares during the period. Geode Capital Management LLC grew its stake in Crown Castle by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust's stock valued at $1,119,225,000 after acquiring an additional 228,007 shares during the period. Norges Bank acquired a new stake in Crown Castle in the fourth quarter valued at approximately $561,714,000. Finally, National Bank of Canada FI grew its stake in Crown Castle by 37.3% in the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust's stock valued at $525,849,000 after acquiring an additional 1,573,043 shares during the period. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Stock Performance

Shares of CCI traded down $0.57 during mid-day trading on Friday, hitting $100.18. The stock had a trading volume of 1,716,710 shares, compared to its average volume of 2,880,766. The firm has a market cap of $43.62 billion, a P/E ratio of 35.52 and a beta of 0.93. The business has a fifty day moving average price of $99.02 and a 200-day moving average price of $98.25. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.25%. Crown Castle's payout ratio is -69.71%.

Analyst Ratings Changes

A number of equities research analysts have commented on CCI shares. Barclays raised their price objective on Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, March 17th. Wells Fargo & Company upgraded Crown Castle from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $85.00 to $105.00 in a report on Monday, March 17th. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. StockNews.com upgraded Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, Citigroup restated a "buy" rating on shares of Crown Castle in a report on Tuesday, March 25th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $110.47.

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.