Hsbc Holdings PLC Has $164.39 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Hsbc Holdings PLC grew its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,813,953 shares of the real estate investment trust's stock after purchasing an additional 88,848 shares during the period. Hsbc Holdings PLC owned about 0.42% of Crown Castle worth $164,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCI. Barclays PLC increased its position in shares of Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock valued at $613,900,000 after purchasing an additional 348,296 shares during the period. Bard Financial Services Inc. increased its holdings in Crown Castle by 6.6% in the 3rd quarter. Bard Financial Services Inc. now owns 10,080 shares of the real estate investment trust's stock valued at $1,196,000 after buying an additional 620 shares during the period. Anchor Investment Management LLC raised its stake in shares of Crown Castle by 111.7% in the 3rd quarter. Anchor Investment Management LLC now owns 1,397 shares of the real estate investment trust's stock valued at $166,000 after buying an additional 737 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Crown Castle by 16.7% during the 3rd quarter. World Investment Advisors LLC now owns 3,374 shares of the real estate investment trust's stock worth $400,000 after acquiring an additional 484 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Crown Castle during the 3rd quarter valued at about $1,038,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Stock Up 2.2 %

Crown Castle stock opened at $104.39 on Wednesday. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. 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 has a market capitalization of $45.45 billion, a price-to-earnings ratio of 37.02 and a beta of 0.93. The company's 50 day simple moving average is $98.26 and its 200 day simple moving average is $98.55.

Crown Castle Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's dividend payout ratio is currently -69.71%.

Analysts Set New Price Targets

CCI has been the subject of several recent analyst reports. Argus raised shares of Crown Castle to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada lowered their target price on Crown Castle from $109.00 to $107.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Raymond James upgraded shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and reduced their price target for the stock from $128.00 to $122.00 in a research report on Friday, March 14th. Finally, Moffett Nathanson lowered their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Twelve equities 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's stock. According to data from MarketBeat, Crown Castle has an average 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.

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