United Services Automobile Association Has $928,000 Position in Crown Castle Inc. (NYSE:CCI)

United Services Automobile Association cut its position in shares of Crown Castle Inc. (NYSE:CCI) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,222 shares of the real estate investment trust’s stock after selling 157 shares during the period. United Services Automobile Association’s holdings in Crown Castle were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in Crown Castle in the fourth quarter valued at approximately $25,000. FNY Investment Advisers LLC raised its stake in Crown Castle by 300.0% in 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 acquired a new stake in Crown Castle during the 4th quarter valued at $37,000. Marshall Investment Management LLC bought a new position in Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle in the fourth quarter valued at $53,000. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCI has been the subject of a number of research reports. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $85.00 to $105.00 in a research note on Monday, March 17th. Moffett Nathanson reduced their price objective on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from $128.00 to $122.00 in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group cut 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 report on Thursday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Crown Castle Stock Down 1.9 %

NYSE CCI opened at $104.42 on Tuesday. The business has a fifty day moving average price of $93.15 and a two-hundred day moving average price of $100.97. The stock has a market capitalization of $45.47 billion, a PE ratio of 37.03 and a beta of 0.89. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

Crown Castle 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.