KBC Group NV Sells 1,764 Shares of Crown Castle Inc. (NYSE:CCI)

KBC Group NV lessened its stake in shares of Crown Castle Inc. (NYSE:CCI) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 375,746 shares of the real estate investment trust’s stock after selling 1,764 shares during the period. KBC Group NV’s holdings in Crown Castle were worth $34,103,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle in the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton boosted its position 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 valued at $31,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC increased its holdings 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 buying an additional 300 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle in the third quarter valued at approximately $47,000. Finally, Friedenthal Financial acquired a new position in shares of Crown Castle in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 4.3 %

NYSE:CCI opened at $92.33 on Tuesday. 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 Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market capitalization of $40.13 billion, a price-to-earnings ratio of 32.74 and a beta of 0.87. The business’s 50-day moving average price is $95.29 and its two-hundred day moving average price is $105.41.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCI shares. TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. UBS Group upped their price target on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. JMP Securities began coverage on shares of Crown Castle in a research report on Monday. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $110.13.

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.