Valued Retirements Inc. Cuts Position in Crown Castle Inc. (NYSE:CCI)

Valued Retirements Inc. trimmed its position in Crown Castle Inc. (NYSE:CCI) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,578 shares of the real estate investment trust’s stock after selling 242 shares during the quarter. Valued Retirements Inc.’s holdings in Crown Castle were worth $234,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCI. Twin Tree Management LP purchased a new position in shares of Crown Castle in the 4th quarter worth about $25,000. FNY Investment Advisers LLC raised its holdings in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC purchased a new position in shares of Crown Castle in the 4th quarter worth about $37,000. Investors Research Corp raised its holdings in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 154 shares during the period. Finally, Marshall Investment Management LLC purchased a new stake in shares of Crown Castle during the 4th quarter valued at about $50,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CCI shares. Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Scotiabank dropped their target price on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating on the stock in a report on Friday. Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and dropped their target price for the company from $128.00 to $122.00 in a report on Friday. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $117.00 to $104.00 in a report on Monday, January 13th. Finally, UBS Group upgraded Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Crown Castle has an average rating of “Moderate Buy” and an average price target of $109.12.

Crown Castle Price Performance

Shares of NYSE CCI opened at $103.20 on Monday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $44.85 billion, a price-to-earnings ratio of 36.59 and a beta of 0.89. The business has a 50 day simple moving average of $91.00 and a 200-day simple moving average of $101.32.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.07%. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

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.