Coldstream Capital Management Inc. Trims Position in Crown Castle Inc. (NYSE:CCI)

Coldstream Capital Management Inc. decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,952 shares of the real estate investment trust’s stock after selling 1,151 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Crown Castle were worth $722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Twin Tree Management LP purchased a new position in Crown Castle during the fourth quarter worth approximately $25,000. FNY Investment Advisers LLC raised its stake in Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC purchased a new position in Crown Castle during the fourth quarter worth approximately $37,000. Marshall Investment Management LLC purchased a new position in Crown Castle during the fourth quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent analyst reports. Argus raised shares of Crown Castle to a “hold” rating in a research note on Friday, March 21st. UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Friday, March 14th. Raymond James raised shares of 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 note on Friday, March 14th. JMP Securities initiated coverage on shares of Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Moffett Nathanson cut their target price on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Twelve investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.47.

Crown Castle Price Performance

CCI opened at $101.05 on Tuesday. The company has a fifty day simple moving average of $99.26 and a 200 day simple moving average of $98.18. The firm has a market cap of $44.00 billion, a price-to-earnings ratio of 35.83 and a beta of 0.93. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s dividend payout ratio is currently -69.71%.

Crown Castle Company 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.