Sentry Investment Management LLC Sells 264 Shares of Crown Castle Inc. (NYSE:CCI)

Sentry Investment Management LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 14.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,622 shares of the real estate investment trust’s stock after selling 264 shares during the quarter. Sentry Investment Management LLC’s holdings in Crown Castle were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CCI. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle in the third quarter worth about $25,000. Rosenberg Matthew Hamilton grew its stake in Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. FNY Investment Advisers LLC increased its holdings 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 worth $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC purchased a new stake in Crown Castle in the 4th quarter worth approximately $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in Crown Castle in the 3rd quarter valued at $47,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE CCI opened at $91.58 on Thursday. The company has a 50-day simple moving average of $89.63 and a two-hundred day simple moving average of $102.61. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a market cap of $39.80 billion, a price-to-earnings ratio of 32.48 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.84%. Crown Castle’s payout ratio is 221.99%.

Wall Street Analysts Forecast Growth

CCI has been the topic of several research analyst reports. JMP Securities initiated coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank lowered their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.75.

Crown Castle 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.