Harbour Investments Inc. Has $51,000 Position in Crown Castle Inc. (NYSE:CCI)

Harbour Investments Inc. lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 21.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 565 shares of the real estate investment trust’s stock after selling 151 shares during the period. Harbour Investments Inc.’s holdings in Crown Castle were worth $51,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intact Investment Management Inc. grew its stake in shares of Crown Castle by 6.3% during the fourth quarter. Intact Investment Management Inc. now owns 117,000 shares of the real estate investment trust’s stock worth $10,619,000 after purchasing an additional 6,900 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Crown Castle by 7.5% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,474 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 173 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Crown Castle by 1.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,912 shares of the real estate investment trust’s stock valued at $9,703,000 after acquiring an additional 1,349 shares during the last quarter. Truvestments Capital LLC raised its position in shares of Crown Castle by 9.0% in the 4th quarter. Truvestments Capital LLC now owns 25,464 shares of the real estate investment trust’s stock valued at $2,311,000 after acquiring an additional 2,098 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Crown Castle by 84.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,831 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCI shares. Barclays increased their target price 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. Moffett Nathanson dropped their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Friday, March 14th. Citigroup lifted their price objective on Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a report on Friday, March 14th. Finally, KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Crown Castle Stock Down 1.9 %

CCI stock opened at $104.42 on Tuesday. The company has a market cap of $45.47 billion, a PE ratio of 37.03 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The business has a 50-day simple moving average of $93.15 and a 200 day simple moving average of $100.97.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given 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 yield of 6.00%. Crown Castle’s dividend payout ratio is currently -69.71%.

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.