United Services Automobile Association Sells 157 Shares of Crown Castle Inc. (NYSE:CCI)

United Services Automobile Association decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 1.5% during the 4th quarter, HoldingsChannel reports. 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Tree Management LP acquired a new stake in shares of Crown Castle during the fourth quarter valued at about $25,000. FNY Investment Advisers LLC boosted its position in 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 worth $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in Crown Castle during the 4th quarter worth approximately $37,000. Marshall Investment Management LLC bought a new stake in Crown Castle during the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Crown Castle during the fourth quarter valued at $53,000. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 1.9 %

Shares of NYSE:CCI opened at $104.42 on Tuesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The business’s 50 day simple moving average is $93.15 and its two-hundred day simple moving average is $100.97. The firm has a market cap of $45.47 billion, a P/E ratio of 37.03 and a beta of 0.89.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given 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 payout ratio is currently -69.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCI. JPMorgan Chase & Co. reduced their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Raymond James raised Crown Castle from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $128.00 to $122.00 in a research note on Friday, March 14th. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Friday, March 14th. Barclays raised their price target on shares of Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.00.

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.