Gilman Hill Asset Management LLC Sells 4,014 Shares of Crown Castle Inc. (NYSE:CCI)

Gilman Hill Asset Management LLC lowered its stake in shares of Crown Castle Inc. (NYSE:CCI) by 10.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,944 shares of the real estate investment trust’s stock after selling 4,014 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Crown Castle were worth $3,262,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in Crown Castle during the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton raised its holdings in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Crown Castle by 300.0% during the fourth 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle in the 3rd quarter valued at $47,000. Finally, Friedenthal Financial bought a new stake in shares of Crown Castle in the 3rd quarter valued at $50,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

CCI opened at $91.03 on Monday. The business’s 50-day simple moving average is $96.66 and its 200 day simple moving average is $105.61. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $39.56 billion, a PE ratio of 32.28 and a beta of 0.87.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio is currently 221.99%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCI. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $117.00 to $104.00 in a report on Monday, January 13th. The Goldman Sachs Group boosted their price objective on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. UBS Group raised their target price on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Crown Castle from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.00.

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.