National Bank of Canada FI Has $525.85 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

National Bank of Canada FI grew its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,793,842 shares of the real estate investment trust's stock after acquiring an additional 1,573,043 shares during the quarter. Crown Castle comprises about 0.6% of National Bank of Canada FI's investment portfolio, making the stock its 24th largest holding. National Bank of Canada FI owned about 1.33% of Crown Castle worth $525,849,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Twin Tree Management LP acquired a new position in Crown Castle during the 4th quarter valued at about $25,000. FNY Investment Advisers LLC grew 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 worth $36,000 after buying an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter worth approximately $37,000. Marshall Investment Management LLC acquired a new stake in Crown Castle in the 4th quarter valued at approximately $50,000. Finally, Bank of Jackson Hole Trust bought a new stake in Crown Castle during the 4th quarter valued at $53,000. Institutional investors own 90.77% of the company's stock.

Crown Castle Trading Down 5.8 %

Shares of Crown Castle stock traded down $6.17 during trading on Friday, hitting $100.89. The stock had a trading volume of 4,772,543 shares, compared to its average volume of 2,880,876. 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 $95.67 and a 200 day simple moving average of $100.11. 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 market capitalization of $43.93 billion, a PE ratio of 35.78 and a beta of 0.89.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.20%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio is currently -69.71%.

Wall Street Analyst Weigh In

CCI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Citigroup reaffirmed a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Barclays raised their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, March 17th. Bank of America started coverage on Crown Castle in a research report on Thursday, March 20th. They issued a "neutral" rating and a $110.00 target price for the company. Finally, Raymond James upgraded Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their price target for the company from $128.00 to $122.00 in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.

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.