Crown Castle Inc. (NYSE:CCI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,766 shares of the real estate investment trust's stock after buying an additional 4,772 shares during the quarter. American Century Companies Inc.'s holdings in Crown Castle were worth $13,139,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC lifted its holdings in shares of Crown Castle by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 41,190 shares of the real estate investment trust's stock worth $3,738,000 after acquiring an additional 13,011 shares during the last quarter. Virtu Financial LLC bought a new stake in Crown Castle in the fourth quarter worth about $3,037,000. Millstone Evans Group LLC purchased a new position in shares of Crown Castle during the fourth quarter valued at approximately $150,000. Magnetar Financial LLC purchased a new stake in shares of Crown Castle in the fourth quarter worth approximately $5,858,000. Finally, Teacher Retirement System of Texas increased its stake in Crown Castle by 781.1% in the fourth quarter. Teacher Retirement System of Texas now owns 25,632 shares of the real estate investment trust's stock worth $2,326,000 after purchasing an additional 22,723 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Down 5.8 %

CCI stock traded down $6.17 on Friday, hitting $100.89. 4,772,543 shares of the company's stock were exchanged, compared to its average volume of 2,880,876. The firm has a 50 day moving average price of $95.67 and a two-hundred day moving average price of $99.98. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The stock has a market cap of $43.93 billion, a P/E ratio of 35.78 and a beta of 0.93. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's payout ratio is currently -69.71%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCI. Wolfe Research upgraded shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a report on Monday, March 17th. 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 target price on the stock. Moffett Nathanson decreased their price target on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. KeyCorp raised Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price objective on the stock in a research note on Friday, March 14th. Finally, Raymond James raised Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.