Natixis Advisors LLC Decreases Holdings in Crown Castle Inc. (NYSE:CCI)

Natixis Advisors LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353,565 shares of the real estate investment trust’s stock after selling 37,949 shares during the period. Natixis Advisors LLC’s holdings in Crown Castle were worth $32,090,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Intact Investment Management Inc. raised its holdings in shares of Crown Castle by 6.3% during the 4th quarter. Intact Investment Management Inc. now owns 117,000 shares of the real estate investment trust’s stock valued at $10,619,000 after buying an additional 6,900 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Crown Castle by 7.5% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,474 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 173 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Crown Castle by 1.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,912 shares of the real estate investment trust’s stock valued at $9,703,000 after buying an additional 1,349 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Crown Castle by 9.0% during the 4th quarter. Truvestments Capital LLC now owns 25,464 shares of the real estate investment trust’s stock valued at $2,311,000 after buying an additional 2,098 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Crown Castle by 84.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,831 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 1,294 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 8.5 %

NYSE CCI opened at $103.20 on Monday. 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 Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a market capitalization of $44.85 billion, a PE ratio of 36.59 and a beta of 0.89. The stock’s 50 day moving average is $91.00 and its 200 day moving average is $101.32.

Crown Castle Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.07%. Crown Castle’s dividend payout ratio is presently 221.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Raymond James raised Crown Castle from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $128.00 to $122.00 in a research note on Friday. Finally, Scotiabank decreased their price target on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $109.12.

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.