Loudon Investment Management LLC Sells 2,025 Shares of Crown Castle Inc. (NYSE:CCI)

Loudon Investment Management LLC decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 15.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,747 shares of the real estate investment trust’s stock after selling 2,025 shares during the quarter. Loudon Investment Management LLC’s holdings in Crown Castle were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CCI. Accurate Wealth Management LLC increased its holdings in shares of Crown Castle by 5.4% during the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 124 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Crown Castle by 12.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 126 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Crown Castle by 5.9% during the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 133 shares in the last quarter. Howard Capital Management Inc. increased its holdings in shares of Crown Castle by 1.2% during the fourth quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 135 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in shares of Crown Castle by 6.4% during the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 0.2 %

Shares of NYSE:CCI opened at $104.59 on Friday. The company has a market capitalization of $45.45 billion, a PE ratio of 37.09 and a beta of 0.89. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The business has a fifty day moving average price of $92.32 and a two-hundred day moving average price of $101.25. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle Dividend Announcement

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 is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 5.99%. Crown Castle’s payout ratio is -69.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCI. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Friday, March 14th. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. JMP Securities began coverage on Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Raymond James raised Crown Castle from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Eleven 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.