GTS Securities LLC Sells 84,546 Shares of Crown Castle Inc. (NYSE:CCI)

GTS Securities LLC lowered its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 93.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,788 shares of the real estate investment trust's stock after selling 84,546 shares during the period. GTS Securities LLC's holdings in Crown Castle were worth $525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Twin Tree Management LP purchased a new stake in Crown Castle in the fourth quarter worth $25,000. Roxbury Financial LLC bought a new stake in shares of Crown Castle in the 4th quarter valued at about $37,000. Marshall Investment Management LLC purchased a new position in Crown Castle during the 4th quarter valued at about $50,000. Bank of Jackson Hole Trust purchased a new position in Crown Castle during the 4th quarter valued at about $53,000. Finally, South Plains Financial Inc. purchased a new position in shares of Crown Castle during the 4th quarter worth approximately $59,000. Institutional investors own 90.77% of the company's stock.

Insider Buying and Selling

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the transaction, the chief executive officer now directly owns 110,571 shares in the company, valued at $11,762,542.98. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.37, for a total transaction of $850,960.00. Following the transaction, the executive vice president now owns 20,528 shares in the company, valued at $2,183,563.36. This represents a 28.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,600 shares of company stock valued at $3,362,752 over the last quarter. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCI shares. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. JMP Securities raised their price objective on Crown Castle from $115.00 to $125.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Crown Castle from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Scotiabank increased their target price on Crown Castle from $99.00 to $109.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of "Moderate Buy" and a consensus target price of $112.71.

Crown Castle Price Performance

Shares of NYSE CCI traded down $0.20 during mid-day trading on Friday, reaching $100.15. 5,068,734 shares of the company traded hands, compared to its average volume of 2,884,744. The firm has a market cap of $43.61 billion, a PE ratio of 35.51 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 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 fifty day simple moving average of $101.51 and a 200-day simple moving average of $97.24.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.62). The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company's revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 earnings per share. Equities research analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, June 13th. Crown Castle's dividend payout ratio (DPR) is presently -39.50%.

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.