Orion Portfolio Solutions LLC Sells 5,746 Shares of Crown Castle Inc. (NYSE:CCI)

Orion Portfolio Solutions LLC decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,189 shares of the real estate investment trust’s stock after selling 5,746 shares during the period. Orion Portfolio Solutions LLC’s holdings in Crown Castle were worth $5,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Crown Castle during the fourth quarter valued at about $25,000. FNY Investment Advisers LLC boosted its holdings in Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC purchased a new stake in Crown Castle during the 4th quarter valued at about $37,000. Marshall Investment Management LLC bought a new position in Crown Castle during the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle in the 4th quarter worth approximately $53,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Raymond James upgraded shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $128.00 to $122.00 in a report on Friday, March 14th. JMP Securities assumed coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Scotiabank lowered their price target on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Crown Castle Stock Up 1.0 %

NYSE:CCI opened at $103.61 on Friday. The firm has a market cap of $45.11 billion, a P/E ratio of 36.74 and a beta of 0.89. 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 50-day simple moving average of $94.20 and a two-hundred day simple moving average of $100.65. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid 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 yield of 6.04%. Crown Castle’s dividend payout ratio is -69.71%.

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.