Crown Castle Inc. (NYSE:CCI) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 212.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,658 shares of the real estate investment trust's stock after purchasing an additional 9,288 shares during the quarter. Intech Investment Management LLC's holdings in Crown Castle were worth $1,240,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Crown Castle by 3.7% during the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust's stock worth $2,476,470,000 after acquiring an additional 747,390 shares in the last quarter. Wellington Management Group LLP grew its holdings in Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust's stock worth $2,079,417,000 after purchasing an additional 3,371,186 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust's stock worth $1,434,229,000 after purchasing an additional 151,990 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Crown Castle by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,218,431 shares of the real estate investment trust's stock valued at $473,625,000 after purchasing an additional 130,414 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Crown Castle by 7.2% in the 3rd quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock worth $613,900,000 after purchasing an additional 348,296 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCI shares. Moffett Nathanson reduced their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. JMP Securities began coverage on shares of Crown Castle in a research note on Monday, January 27th. They issued an "outperform" rating and a $115.00 target price for the company. UBS Group upgraded shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Friday, March 14th. KeyCorp raised shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price target for the company in a report on Friday, March 14th. Finally, Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $110.00.

Crown Castle Stock Performance

CCI traded up $0.59 on Wednesday, reaching $101.04. The stock had a trading volume of 2,785,874 shares, compared to its average volume of 2,661,886. The company has a market cap of $44.00 billion, a P/E ratio of 35.83 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. 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 business's 50-day moving average price is $93.42 and its two-hundred day moving average price is $100.86.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.20%. Crown Castle's dividend payout ratio (DPR) is -69.71%.

About Crown Castle

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.