Virtu Financial LLC Buys Shares of 33,459 Crown Castle Inc. (NYSE:CCI)

Virtu Financial LLC bought a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,459 shares of the real estate investment trust's stock, valued at approximately $3,037,000.

Several other hedge funds also recently bought and sold shares of CCI. Millstone Evans Group LLC purchased a new position in Crown Castle during the 4th quarter worth $150,000. Magnetar Financial LLC purchased a new stake in Crown Castle during the fourth quarter valued at approximately $5,858,000. Teacher Retirement System of Texas boosted its position in shares of Crown Castle by 781.1% in the 4th quarter. Teacher Retirement System of Texas now owns 25,632 shares of the real estate investment trust's stock worth $2,326,000 after purchasing an additional 22,723 shares in the last quarter. Generali Investments Management Co LLC purchased a new stake in shares of Crown Castle during the fourth quarter worth about $1,891,000. Finally, Vinva Investment Management Ltd grew its position in Crown Castle by 7.1% during the 4th quarter. Vinva Investment Management Ltd now owns 21,339 shares of the real estate investment trust's stock worth $1,916,000 after purchasing an additional 1,407 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Crown Castle Trading Up 0.6 %

Shares of CCI traded up $0.59 during trading on Wednesday, reaching $101.04. 2,785,879 shares of the company traded hands, compared to its average volume of 2,661,886. The stock has a 50-day simple moving average of $93.42 and a 200-day simple moving average of $100.86. The stock has a market cap of $44.00 billion, a PE ratio of 35.83 and a beta of 0.89. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

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Crown Castle Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.20%. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CCI shares. Moffett Nathanson dropped their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. JMP Securities began coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an "outperform" rating and a $115.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price target 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. Barclays boosted their price objective on Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, March 17th. Finally, KeyCorp raised shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price target on the stock in a research note on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and an average 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.