Cbre Investment Management Listed Real Assets LLC Purchases 5,708 Shares of Crown Castle Inc. (NYSE:CCI)

Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 742,904 shares of the real estate investment trust's stock after acquiring an additional 5,708 shares during the quarter. Crown Castle makes up approximately 1.2% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 28th biggest position. Cbre Investment Management Listed Real Assets LLC owned approximately 0.17% of Crown Castle worth $67,426,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versor Investments LP grew its stake in shares of Crown Castle by 120.0% in the fourth quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock valued at $767,000 after buying an additional 4,608 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust's stock valued at $113,465,000 after purchasing an additional 282,821 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Crown Castle by 24.7% during the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust's stock valued at $17,476,000 after purchasing an additional 31,319 shares during the last quarter. Oak Thistle LLC acquired a new stake in Crown Castle during the 4th quarter valued at $1,231,000. Finally, Avanza Fonder AB acquired a new stake in Crown Castle during the 4th quarter valued at $3,083,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Price Performance

Crown Castle stock traded up $0.58 during midday trading on Wednesday, reaching $94.79. The company's stock had a trading volume of 2,011,377 shares, compared to its average volume of 2,530,538. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week 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. The business has a 50-day moving average price of $90.00 and a 200-day moving average price of $102.07. The stock has a market cap of $41.20 billion, a PE ratio of 33.61 and a beta of 0.88.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle's dividend payout ratio is presently 221.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Crown Castle from $100.00 to $85.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Scotiabank dropped their target price on Crown Castle from $118.00 to $102.00 and set a "sector perform" rating for the company in a report on Thursday, January 23rd. JMP Securities assumed coverage on Crown Castle in a report on Monday, January 27th. They set an "outperform" rating and a $115.00 target price for the company. Finally, Jefferies Financial Group downgraded Crown Castle from a "buy" rating to a "hold" rating and dropped their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $108.75.

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.