B. Metzler seel. Sohn & Co. AG Sells 24,603 Shares of Crown Castle Inc. (NYSE:CCI)

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,884 shares of the real estate investment trust’s stock after selling 24,603 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Crown Castle were worth $3,983,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in shares of Crown Castle in the third quarter worth about $518,000. Townsquare Capital LLC grew its stake in Crown Castle by 25.9% in the 3rd quarter. Townsquare Capital LLC now owns 5,853 shares of the real estate investment trust’s stock worth $694,000 after acquiring an additional 1,203 shares in the last quarter. Captrust Financial Advisors grew its stake in Crown Castle by 21.5% in the 3rd quarter. Captrust Financial Advisors now owns 17,919 shares of the real estate investment trust’s stock worth $2,126,000 after acquiring an additional 3,176 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Crown Castle during the third quarter worth approximately $1,318,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Crown Castle during the third quarter valued at approximately $297,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CCI. Wolfe Research upgraded Crown Castle from an “underperform” rating to a “peer perform” rating in a report on Monday, March 17th. Barclays raised their price target on Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, March 17th. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $127.00 to $84.00 in a research note on Thursday, January 2nd. Argus raised shares of Crown Castle to a “hold” rating in a research report on Friday, March 21st. Finally, Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Crown Castle Trading Up 0.8 %

Shares of NYSE:CCI opened at $104.39 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $45.45 billion, a P/E ratio of 37.02 and a beta of 0.89. The business’s 50-day moving average is $94.47 and its 200 day moving average is $100.40. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Friday, March 14th. Crown Castle’s payout ratio is currently -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.