Aviva PLC Has $50.14 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Aviva PLC raised its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 552,427 shares of the real estate investment trust's stock after acquiring an additional 16,705 shares during the period. Aviva PLC owned about 0.13% of Crown Castle worth $50,138,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in shares of Crown Castle in the 4th quarter valued at about $25,000. FNY Investment Advisers LLC boosted its position 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 valued at $36,000 after purchasing an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the fourth quarter valued at approximately $37,000. Marshall Investment Management LLC acquired a new position in shares of Crown Castle during the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Crown Castle during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating for the company in a research note on Friday. Wolfe Research raised shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Jefferies Financial Group cut shares of Crown Castle from a "buy" rating to a "hold" rating and dropped their target price for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. JMP Securities began 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 for the company. Finally, Barclays boosted their price target on Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $109.88.

Crown Castle Stock Performance

Shares of CCI stock traded up $0.12 on Friday, hitting $95.28. The company's stock had a trading volume of 994,566 shares, compared to its average volume of 3,453,354. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a market capitalization of $41.49 billion, a PE ratio of 33.72 and a beta of 0.93. The stock's 50 day moving average is $96.40 and its 200-day moving average is $99.35. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.565 per share. The ex-dividend date was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.57%. Crown Castle's payout ratio is presently -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.