Versor Investments LP Purchases 4,608 Shares of Crown Castle Inc. (NYSE:CCI)

Versor Investments LP grew its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 120.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,447 shares of the real estate investment trust's stock after acquiring an additional 4,608 shares during the period. Versor Investments LP's holdings in Crown Castle were worth $767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle in the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 136 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle in the 3rd quarter valued at about $47,000. FNY Investment Advisers LLC boosted 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 buying an additional 300 shares during the period. Finally, Roxbury Financial LLC bought a new stake in Crown Castle in the 4th quarter valued at about $37,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CCI. Citizens Jmp upgraded shares of Crown Castle to a "strong-buy" rating in a research report on Monday, January 27th. Citigroup cut their price objective on shares of Crown Castle from $128.00 to $106.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group downgraded shares of Crown Castle from a "buy" rating to a "hold" rating and dropped their price target for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Finally, JMP Securities began coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an "outperform" rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given 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 price target of $108.75.

Crown Castle Stock Up 1.8 %

Crown Castle stock traded up $1.69 during trading hours on Monday, hitting $95.79. The company had a trading volume of 2,161,974 shares, compared to its average volume of 2,531,687. The firm has a market capitalization of $41.63 billion, a P/E ratio of 33.97 and a beta of 0.88. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm's fifty day moving average is $89.86 and its 200-day moving average is $102.23. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.54%. Crown Castle's dividend payout ratio (DPR) is 221.99%.

About Crown Castle

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.