Generali Asset Management SPA SGR Makes New $3.02 Million Investment in Crown Castle Inc. (NYSE:CCI)

Generali Asset Management SPA SGR acquired a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,227 shares of the real estate investment trust's stock, valued at approximately $3,016,000.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Crown Castle by 3.1% in the fourth quarter. Advisors Asset Management Inc. now owns 150,863 shares of the real estate investment trust's stock worth $13,692,000 after acquiring an additional 4,529 shares during the period. Retirement Planning Co of New England Inc. boosted its holdings in Crown Castle by 44.1% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 6,107 shares of the real estate investment trust's stock worth $554,000 after purchasing an additional 1,870 shares during the last quarter. Parallel Advisors LLC grew its position in Crown Castle by 3,827.5% in the 4th quarter. Parallel Advisors LLC now owns 183,965 shares of the real estate investment trust's stock worth $16,697,000 after purchasing an additional 179,281 shares during the period. Cibc World Markets Corp raised its stake in Crown Castle by 141.6% during the 4th quarter. Cibc World Markets Corp now owns 419,998 shares of the real estate investment trust's stock valued at $38,119,000 after buying an additional 246,183 shares during the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Crown Castle during the 4th quarter valued at $25,000. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Moffett Nathanson cut their price objective on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Citigroup boosted their price target on Crown Castle from $106.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. lowered their price objective on shares of Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Barclays raised their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, March 17th. Finally, Scotiabank reduced their target price on shares of Crown Castle from $102.00 to $99.00 and set a "sector perform" rating for the company in a report on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

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Crown Castle Price Performance

CCI traded down $1.98 during trading on Monday, reaching $104.42. 4,168,611 shares of the company traded hands, compared to its average volume of 2,646,276. The company has a market cap of $45.47 billion, a P/E ratio of 37.03 and a beta of 0.89. 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 Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The firm has a fifty day simple moving average of $92.77 and a 200 day simple moving average of $101.04.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.00%. Crown Castle's dividend payout ratio is currently -69.71%.

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.