Invesco Ltd. Raises Holdings in Crown Castle Inc. (NYSE:CCI)

Invesco Ltd. grew its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,380,013 shares of the real estate investment trust's stock after acquiring an additional 436,657 shares during the quarter. Invesco Ltd. owned 1.01% of Crown Castle worth $397,530,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCI. Twin Tree Management LP bought a new position in shares of Crown Castle in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC increased its holdings in Crown Castle by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Crown Castle in the fourth quarter worth about $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle in the fourth quarter valued at $50,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Crown Castle in the 4th quarter worth about $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Price Performance

Shares of NYSE:CCI traded up $2.29 during trading on Monday, reaching $98.96. 623,324 shares of the company's stock traded hands, compared to its average volume of 2,913,426. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The firm has a market cap of $43.09 billion, a PE ratio of 35.09 and a beta of 0.93. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a 50-day simple moving average of $96.56 and a 200-day simple moving average of $99.10.

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Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is -69.71%.

Wall Street Analyst Weigh In

CCI has been the subject of a number of recent analyst reports. Moffett Nathanson dropped their price target on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. StockNews.com cut shares of Crown Castle from a "hold" rating to a "sell" rating in a report on Friday. KeyCorp raised shares of Crown Castle from a "sector weight" rating to an "overweight" rating and set a $120.00 price objective on the stock in a report on Friday, March 14th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $109.88.

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.