Anderson Hoagland & Co. Trims Stock Position in Crown Castle Inc. (NYSE:CCI)

Anderson Hoagland & Co. decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,077 shares of the real estate investment trust’s stock after selling 1,219 shares during the quarter. Anderson Hoagland & Co.’s holdings in Crown Castle were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. AXA S.A. raised its stake in shares of Crown Castle by 42.2% in the second quarter. AXA S.A. now owns 77,912 shares of the real estate investment trust’s stock worth $7,612,000 after buying an additional 23,124 shares during the period. APG Asset Management N.V. grew its holdings in shares of Crown Castle by 201.2% in the second quarter. APG Asset Management N.V. now owns 52,093 shares of the real estate investment trust’s stock valued at $4,749,000 after purchasing an additional 34,800 shares in the last quarter. MBB Public Markets I LLC increased its holdings in shares of Crown Castle by 1,198.7% in the 2nd quarter. MBB Public Markets I LLC now owns 30,363 shares of the real estate investment trust’s stock worth $2,966,000 after buying an additional 28,025 shares during the last quarter. Legal & General Group Plc increased its stake in Crown Castle by 1.1% during the second quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock worth $603,518,000 after acquiring an additional 67,072 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Crown Castle in the 2nd quarter worth approximately $377,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CCI. Scotiabank dropped their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday. Wells Fargo & Company decreased their price objective 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. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and dropped their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.80.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $88.49 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock’s fifty day moving average price is $95.29 and its 200-day moving average price is $105.30. The firm has a market cap of $38.46 billion, a P/E ratio of 31.38 and a beta of 0.87. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

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.