Atlantic Union Bankshares Corp Sells 2,199 Shares of Crown Castle Inc. (NYSE:CCI)

Atlantic Union Bankshares Corp reduced its position in shares of Crown Castle Inc. (NYSE:CCI) by 39.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,334 shares of the real estate investment trust’s stock after selling 2,199 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Crown Castle were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Crown Castle during the 3rd quarter valued at approximately $47,000. FNY Investment Advisers LLC boosted its position in shares of 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 last quarter. Roxbury Financial LLC bought a new position in shares of Crown Castle during the 4th quarter valued at approximately $37,000. Investors Research Corp lifted its position in Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 154 shares during the last quarter. Finally, Marshall Investment Management LLC bought a new stake in Crown Castle in the fourth quarter worth $50,000. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCI. Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Moffett Nathanson lowered their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank lowered their price target on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $108.75.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $97.78 on Friday. The firm has a market cap of $42.49 billion, a P/E ratio of 34.67 and a beta of 0.89. 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 12 month low of $84.20 and a 12 month high of $120.92. The stock’s fifty day moving average price is $90.22 and its 200-day moving average price is $101.88.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 6.40%. Crown Castle’s dividend payout ratio is currently 221.99%.

About Crown Castle

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.