GeoWealth Management LLC Grows Stock Holdings in Crown Castle Inc. (NYSE:CCI)

GeoWealth Management LLC lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,105 shares of the real estate investment trust's stock after acquiring an additional 3,857 shares during the quarter. GeoWealth Management LLC's holdings in Crown Castle were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Crown Castle by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock valued at $5,672,451,000 after acquiring an additional 5,934,615 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Crown Castle by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust's stock valued at $1,892,332,000 after purchasing an additional 3,321,249 shares in the last quarter. Geode Capital Management LLC grew its stake in Crown Castle by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust's stock worth $1,119,225,000 after purchasing an additional 228,007 shares during the period. Norges Bank bought a new position in Crown Castle in the fourth quarter worth $561,714,000. Finally, National Bank of Canada FI raised its holdings in Crown Castle by 37.3% in the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust's stock worth $525,849,000 after purchasing an additional 1,573,043 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Trading Down 1.4 %

Shares of CCI stock traded down $1.41 on Thursday, hitting $100.87. 3,691,211 shares of the stock traded hands, compared to its average volume of 2,886,826. 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 twelve month low of $84.20 and a twelve month high of $120.92. The firm's 50-day moving average price is $98.55 and its two-hundred day moving average price is $98.58. The stock has a market capitalization of $43.92 billion, a PE ratio of 35.77 and a beta of 0.93.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date was Friday, March 14th. Crown Castle's payout ratio is -69.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCI shares. Wolfe Research raised shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. UBS Group raised Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group downgraded Crown Castle from a "buy" rating to a "hold" rating and dropped their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Citigroup restated a "buy" rating on shares of Crown Castle in a report on Tuesday, March 25th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.47.

Crown Castle 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.