Crown Castle Inc. (NYSE:CCI) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,918 shares of the real estate investment trust's stock after selling 6,891 shares during the quarter. Keybank National Association OH's holdings in Crown Castle were worth $2,352,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCI. State Street Corp grew its holdings in shares of Crown Castle by 3.7% in the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust's stock worth $2,476,470,000 after acquiring an additional 747,390 shares during the last quarter. Wellington Management Group LLP increased its stake in Crown Castle by 23.8% in the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust's stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares in the last quarter. Geode Capital Management LLC increased its stake in Crown Castle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust's stock worth $1,434,229,000 after purchasing an additional 151,990 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Crown Castle by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,218,431 shares of the real estate investment trust's stock worth $473,625,000 after buying an additional 130,414 shares during the period. Finally, Barclays PLC lifted its stake in Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock valued at $613,900,000 after buying an additional 348,296 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

NYSE CCI opened at $95.22 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $41.38 billion, a PE ratio of 33.77 and a beta of 0.88. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a 50 day moving average price of $90.08 and a two-hundred day moving average price of $102.02.

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 issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Friday, March 14th. Crown Castle's dividend payout ratio is presently 221.99%.

Several research firms have recently weighed in on CCI. Citigroup dropped their target price on shares of Crown Castle from $128.00 to $106.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Barclays upgraded shares of Crown Castle from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Moffett Nathanson reduced their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company reduced their price objective on Crown Castle from $100.00 to $85.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $108.75.

Read Our Latest Stock Report on 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Crown Castle, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crown Castle wasn't on the list.

While Crown Castle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.