Voya Investment Management LLC Sells 9,938 Shares of Crown Castle Inc. (NYSE:CCI)

Voya Investment Management LLC trimmed its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,385 shares of the real estate investment trust's stock after selling 9,938 shares during the period. Voya Investment Management LLC's holdings in Crown Castle were worth $11,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of Crown Castle by 7.2% during the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock valued at $613,900,000 after purchasing an additional 348,296 shares in the last quarter. Bard Financial Services Inc. boosted its stake in Crown Castle by 6.6% during the third quarter. Bard Financial Services Inc. now owns 10,080 shares of the real estate investment trust's stock valued at $1,196,000 after buying an additional 620 shares during the period. Anchor Investment Management LLC grew its position in Crown Castle by 111.7% during the third quarter. Anchor Investment Management LLC now owns 1,397 shares of the real estate investment trust's stock worth $166,000 after buying an additional 737 shares in the last quarter. World Investment Advisors LLC increased its stake in Crown Castle by 16.7% in the 3rd quarter. World Investment Advisors LLC now owns 3,374 shares of the real estate investment trust's stock worth $400,000 after acquiring an additional 484 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Crown Castle in the 3rd quarter valued at about $1,038,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Stock Up 0.5 %

CCI traded up $0.56 during trading on Thursday, reaching $106.32. The stock had a trading volume of 3,154,614 shares, compared to its average volume of 2,870,894. The stock's 50 day moving average is $99.78 and its two-hundred day moving average is $98.27. 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 $46.29 billion, a price-to-earnings ratio of 37.70 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 (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is -58.18%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Friday, March 14th. StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. 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 note on Tuesday, April 22nd. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $111.18.

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.