Generali Investments Management Co LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,839 shares of the real estate investment trust's stock, valued at approximately $1,891,000.
Other hedge funds have also modified their holdings of the company. Versor Investments LP lifted its position in shares of Crown Castle by 120.0% in the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust's stock valued at $767,000 after acquiring an additional 4,608 shares in the last quarter. Nordea Investment Management AB raised its stake 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 period. Oak Thistle LLC purchased a new stake in shares of Crown Castle in the fourth quarter valued at $1,231,000. Avanza Fonder AB acquired a new stake in shares of Crown Castle in the fourth quarter worth $3,083,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust's stock valued at $603,592,000 after buying an additional 203,442 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CCI has been the subject of a number of research reports. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $128.00 to $122.00 in a research report on Friday, March 14th. UBS Group raised shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Friday, March 14th. Barclays lifted their target price on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, March 17th. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Finally, KeyCorp raised Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price objective for the company in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.
Read Our Latest Stock Analysis on Crown Castle
Crown Castle Stock Performance
NYSE:CCI traded up $2.02 during mid-day trading on Friday, hitting $106.61. 9,214,451 shares of the company's stock traded hands, compared to its average volume of 2,640,163. 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 firm has a 50 day moving average of $92.77 and a two-hundred day moving average of $101.13. The firm has a market capitalization of $46.42 billion, a price-to-earnings ratio of 37.81 and a beta of 0.89. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.
Crown Castle Dividend Announcement
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 paid a $1.565 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 5.87%. Crown Castle's payout ratio is -69.71%.
Crown Castle Company Profile
(
Free Report)
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.
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