Crown Castle Inc. (NYSE:CCI) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,585 shares of the real estate investment trust’s stock after selling 163 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Crown Castle were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle in the third quarter worth $25,000. Rosenberg Matthew Hamilton grew its stake in shares of Crown Castle by 107.9% during 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle during the third quarter worth $47,000. FNY Investment Advisers LLC grew its stake 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. Finally, Investors Research Corp grew its stake in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $92.33 on Tuesday. The company has a 50-day simple moving average of $95.29 and a 200-day simple moving average of $105.41. Crown Castle Inc. has a one year low of $84.20 and a one year 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 stock has a market capitalization of $40.13 billion, a price-to-earnings ratio of 32.74 and a beta of 0.87.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.78%. Crown Castle’s payout ratio is 221.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CCI shares. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Citigroup set a $128.00 target price on shares of Crown Castle in a research note on Thursday, October 17th. Wells Fargo & Company lowered their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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 assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and an average price target 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.