Checchi Capital Advisers LLC Grows Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Checchi Capital Advisers LLC increased its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 108.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,845 shares of the real estate investment trust's stock after purchasing an additional 7,207 shares during the quarter. Checchi Capital Advisers LLC's holdings in Crown Castle were worth $1,257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new stake in shares of Crown Castle in the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its holdings in Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 136 shares during the period. FNY Investment Advisers LLC increased its holdings in shares of Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Crown Castle in the 4th quarter worth $37,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Crown Castle in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCI. Citigroup lowered their price target on Crown Castle from $128.00 to $106.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective on Crown Castle from $100.00 to $85.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Finally, JMP Securities began coverage on Crown Castle in a report on Monday, January 27th. They set an "outperform" rating and a $115.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $108.75.

Crown Castle Trading Up 0.7 %

NYSE:CCI traded up $0.68 during trading hours on Friday, reaching $94.13. 3,198,303 shares of the stock were exchanged, compared to its average volume of 2,822,608. 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 business has a 50-day moving average of $89.75 and a two-hundred day moving average of $102.38. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a market capitalization of $40.91 billion, a price-to-earnings ratio of 33.38 and a beta of 0.88.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle's dividend payout ratio is currently 221.99%.

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.