Tower Research Capital LLC TRC Has $1.48 Million Stake in Crown Castle Inc. (NYSE:CCI)

Tower Research Capital LLC TRC reduced its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 35.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,265 shares of the real estate investment trust's stock after selling 8,945 shares during the quarter. Tower Research Capital LLC TRC's holdings in Crown Castle were worth $1,476,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCI. Vanguard Group Inc. grew its position in Crown Castle by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock valued at $5,672,451,000 after buying an additional 5,934,615 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Crown Castle by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust's stock worth $1,892,332,000 after purchasing an additional 3,321,249 shares in the last quarter. Geode Capital Management LLC lifted its stake in Crown Castle by 1.9% in the 4th 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 buying an additional 228,007 shares in the last quarter. Norges Bank acquired a new position in shares of Crown Castle in the fourth quarter worth $561,714,000. Finally, National Bank of Canada FI boosted its stake in shares of Crown Castle by 37.3% during 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 last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

NYSE:CCI traded up $2.78 during midday trading on Tuesday, hitting $103.70. 838,154 shares of the stock were exchanged, compared to its average volume of 2,872,249. The company has a market capitalization of $45.15 billion, a price-to-earnings ratio of 36.75 and a beta of 0.93. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business has a 50-day moving average price of $99.26 and a two-hundred day moving average price of $98.18.

Crown Castle Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 6.04%. Crown Castle's dividend payout ratio is currently -69.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCI shares. Wolfe Research upgraded shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Citigroup restated a "buy" rating on shares of Crown Castle in a report on Tuesday, March 25th. Raymond James raised shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their price objective for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a "buy" rating to a "hold" rating and decreased their target price for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.