Resolution Capital Ltd Has $2.27 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Resolution Capital Ltd cut its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 24.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,958 shares of the real estate investment trust's stock after selling 8,181 shares during the period. Resolution Capital Ltd's holdings in Crown Castle were worth $2,265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CCI. Twin Tree Management LP acquired a new position in Crown Castle during the 4th quarter valued at about $25,000. FNY Investment Advisers LLC boosted its stake in Crown Castle by 300.0% during 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 period. Roxbury Financial LLC acquired a new position in Crown Castle during the 4th quarter valued at about $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle during the 4th quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in Crown Castle during the 4th quarter valued at about $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCI shares. KeyCorp boosted their price target on shares of Crown Castle from $120.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets restated a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Citigroup boosted their price target on shares of Crown Castle from $108.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Barclays boosted their price target on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. Finally, New Street Research upgraded shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.41.

Insiders Place Their Bets

In related news, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the sale, the executive vice president now directly owns 20,528 shares of the company's stock, valued at approximately $2,183,563.36. This represents a 28.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel K. Schlanger sold 20,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the sale, the chief executive officer now directly owns 110,571 shares of the company's stock, valued at approximately $11,762,542.98. This represents a 15.32% 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 ninety days. Corporate insiders own 0.10% of the company's stock.

Crown Castle Stock Up 1.5%

CCI traded up $1.53 on Friday, reaching $102.30. 2,966,793 shares of the company traded hands, compared to its average volume of 2,879,350. The stock's 50 day moving average price is $101.78 and its 200-day moving average price is $97.56. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a market cap of $44.55 billion, a price-to-earnings ratio of 36.28 and a beta of 0.93. 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 (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing analysts' consensus estimates 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 business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, sell-side analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's dividend payout ratio is -58.18%.

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.