TD Waterhouse Canada Inc. Has $2.23 Million Stock Position in Crown Castle Inc. (NYSE:CCI)

TD Waterhouse Canada Inc. cut its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 50.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,602 shares of the real estate investment trust's stock after selling 25,176 shares during the period. TD Waterhouse Canada Inc.'s holdings in Crown Castle were worth $2,233,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Crown Castle in the fourth quarter worth $25,000. FNY Investment Advisers LLC boosted its position in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock worth $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Crown Castle in the fourth quarter valued at about $37,000. Marshall Investment Management LLC purchased a new position in Crown Castle in the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Crown Castle in the fourth quarter valued at approximately $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Shares of CCI traded up $2.78 during trading hours on Tuesday, hitting $103.70. 838,154 shares of the company were exchanged, compared to its average volume of 2,872,249. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The company has a market capitalization of $45.15 billion, a PE ratio of 36.75 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. The firm has a fifty day simple moving average of $99.26 and a 200-day simple moving average of $98.18.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is -69.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets reiterated a "market perform" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Barclays increased their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a report on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.47.

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.