Marshall Wace LLP Purchases 113,295 Shares of Crown Castle Inc. (NYSE:CCI)

Marshall Wace LLP boosted its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 5,149.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,495 shares of the real estate investment trust's stock after purchasing an additional 113,295 shares during the period. Marshall Wace LLP's holdings in Crown Castle were worth $10,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCI. Twin Tree Management LP bought a new position in Crown Castle during the fourth quarter valued at about $25,000. FNY Investment Advisers LLC raised its holdings in shares of 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 worth $36,000 after purchasing an additional 300 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Crown Castle during the fourth quarter valued at approximately $37,000. Marshall Investment Management LLC bought a new stake in Crown Castle during the fourth quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Crown Castle during the 4th quarter valued at $53,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Down 0.6 %

Shares of CCI traded down $0.57 during mid-day trading on Friday, hitting $100.18. 1,716,710 shares of the company's stock were exchanged, compared to its average volume of 2,880,033. The stock has a market cap of $43.62 billion, a price-to-earnings ratio of 35.52 and a beta of 0.93. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a fifty day moving average of $99.02 and a two-hundred day moving average of $98.42. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.25%. Crown Castle's dividend payout ratio (DPR) is presently -69.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCI. Moffett Nathanson cut their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. JMP Securities assumed coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an "outperform" rating and a $115.00 price objective for the company. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a "buy" rating to a "hold" rating and reduced their price target for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.47.

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.