Bcwm LLC Invests $3.22 Million in Crown Castle Inc. (NYSE:CCI)

Bcwm LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 35,484 shares of the real estate investment trust's stock, valued at approximately $3,221,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Twin Tree Management LP acquired a new stake in Crown Castle during the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC grew its stake in Crown Castle by 300.0% during the 4th 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 in the last quarter. Roxbury Financial LLC acquired a new stake in Crown Castle in the 4th quarter valued at about $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle in the 4th quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle in the fourth quarter worth approximately $53,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Shares of Crown Castle stock traded up $1.68 on Thursday, hitting $105.49. The company's stock had a trading volume of 2,021,046 shares, compared to its average volume of 2,857,914. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a fifty day moving average price of $95.06 and a 200-day moving average price of $100.33. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a market capitalization of $45.93 billion, a P/E ratio of 37.41 and a beta of 0.89.

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Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 5.93%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

Analysts Set New Price Targets

CCI has been the subject of several recent analyst reports. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Moffett Nathanson lowered their target price on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Citigroup reaffirmed a "buy" rating on shares of Crown Castle in a report on Tuesday, March 25th. Barclays raised their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company raised shares of Crown Castle from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $85.00 to $105.00 in a report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

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.