Mizuho Securities USA LLC grew its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 46.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,190 shares of the real estate investment trust's stock after acquiring an additional 13,011 shares during the period. Mizuho Securities USA LLC's holdings in Crown Castle were worth $3,738,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust's stock valued at $2,476,470,000 after acquiring an additional 747,390 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Crown Castle by 23.8% in the 3rd quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust's stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 151,990 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Crown Castle by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,218,431 shares of the real estate investment trust's stock worth $473,625,000 after purchasing an additional 130,414 shares during the period. Finally, Barclays PLC raised its holdings 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. Institutional investors own 90.77% of the company's stock.
Crown Castle Price Performance
NYSE CCI traded up $1.52 during trading hours on Thursday, reaching $102.61. 3,196,376 shares of the stock traded hands, compared to its average volume of 2,664,511. The company has a market cap of $44.68 billion, a price-to-earnings ratio of 36.38 and a beta of 0.89. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The stock has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $100.86.
Crown Castle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued 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 6.10%. Crown Castle's dividend payout ratio is presently -69.71%.
Analyst Ratings Changes
Several research analysts have issued reports on CCI shares. Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and cut their price target for the stock from $128.00 to $122.00 in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price target on shares of Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Moffett Nathanson dropped their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. UBS Group raised shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 target price for the company in a research report on Friday, March 14th. Finally, Bank of America began coverage on Crown Castle in a research note on Thursday, March 20th. They set a "neutral" rating and a $110.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Crown Castle has an average rating of "Moderate Buy" and a consensus price target of $110.00.
View Our Latest Analysis on Crown Castle
Crown Castle Company Profile
(
Free Report)
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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