Caisse DE Depot ET Placement DU Quebec Has $66.43 Million Stake in Crown Castle Inc. (NYSE:CCI)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 86.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 560,000 shares of the real estate investment trust's stock after purchasing an additional 260,000 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.13% of Crown Castle worth $66,433,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown Castle during the third quarter worth about $25,000. Asset Dedication LLC grew its position in Crown Castle by 159.0% during the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 167 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares during the period. ORG Partners LLC purchased a new position in Crown Castle during the second quarter worth about $34,000. Finally, New Millennium Group LLC acquired a new position in shares of Crown Castle in the second quarter valued at approximately $34,000. Institutional investors own 90.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCI. Barclays upped their price target on shares of Crown Castle from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Crown Castle from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Royal Bank of Canada lifted their price objective on shares of Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a report on Monday, October 28th. Bank of America lifted their price objective on shares of Crown Castle from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their target price on Crown Castle from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $116.87.

Crown Castle Trading Down 0.4 %

NYSE CCI traded down $0.45 during trading hours on Friday, reaching $106.25. The company had a trading volume of 1,838,391 shares, compared to its average volume of 2,350,684. The stock has a 50-day moving average of $109.48 and a 200 day moving average of $107.09. The stock has a market capitalization of $46.18 billion, a P/E ratio of 37.68 and a beta of 0.86. Crown Castle Inc. has a 1-year low of $92.48 and a 1-year 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 (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $1.77 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts anticipate that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 5.89%. The ex-dividend date is Friday, December 13th. Crown Castle's dividend payout ratio is currently 221.99%.

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.