Crown Castle Inc. (NYSE:CCI) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,863 shares of the real estate investment trust's stock after buying an additional 4,529 shares during the period. Advisors Asset Management Inc.'s holdings in Crown Castle were worth $13,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Napa Wealth Management increased its holdings in shares of Crown Castle by 4.6% during the 3rd quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust's stock worth $328,000 after buying an additional 122 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in Crown Castle by 5.4% in the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 124 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 126 shares in the last quarter. IFP Advisors Inc increased its holdings in Crown Castle by 5.9% in the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock valued at $216,000 after purchasing an additional 133 shares in the last quarter. Finally, Howard Capital Management Inc. increased its holdings in Crown Castle by 1.2% in the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 135 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CCI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $128.00 to $122.00 in a report on Friday, March 14th. UBS Group upgraded Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target for the company in a report on Friday, March 14th. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company raised shares of Crown Castle from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $85.00 to $105.00 in a research report on Monday, March 17th. Eleven research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.00.

Crown Castle Stock Performance

NYSE CCI traded up $2.02 during trading hours on Friday, reaching $106.61. The company's stock had a trading volume of 9,214,451 shares, compared to its average volume of 2,636,860. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The business has a 50-day simple moving average of $92.77 and a 200 day simple moving average of $101.21. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market cap of $46.42 billion, a PE ratio of 37.81 and a beta of 0.89.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 5.87%. Crown Castle's payout ratio is currently -69.71%.

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.