Crown Castle Inc. (NYSE:CCI) Stock Position Reduced by Partners Group Holding AG

Partners Group Holding AG lessened its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,970 shares of the real estate investment trust's stock after selling 48,508 shares during the period. Crown Castle accounts for about 1.0% of Partners Group Holding AG's investment portfolio, making the stock its 26th biggest holding. Partners Group Holding AG owned 0.07% of Crown Castle worth $27,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Crown Castle by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock worth $5,672,451,000 after acquiring an additional 5,934,615 shares during the period. Wellington Management Group LLP increased its holdings in shares of Crown Castle by 23.8% during the third 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 purchasing an additional 3,371,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Crown Castle by 433.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,968,959 shares of the real estate investment trust's stock valued at $470,838,000 after purchasing an additional 3,225,460 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Crown Castle during the fourth quarter valued at about $95,167,000. Finally, State Street Corp lifted its holdings in Crown Castle by 3.7% in the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust's stock worth $2,476,470,000 after purchasing an additional 747,390 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

CCI has been the topic of several research analyst reports. Barclays raised their target price 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. JPMorgan Chase & Co. dropped their target price on Crown Castle from $121.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. BMO Capital Markets reiterated a "market perform" rating on shares of Crown Castle in a research report on Tuesday. Finally, Citigroup upped their price objective on Crown Castle from $106.00 to $108.00 and gave the company a "buy" rating in a report on Friday, March 14th. Eleven investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $110.00.

Crown Castle Trading Up 1.5 %

Shares of NYSE:CCI traded up $1.52 during mid-day trading on Thursday, hitting $102.61. The stock had a trading volume of 3,196,376 shares, compared to its average volume of 2,664,788. The company's 50 day moving average is $93.95 and its 200-day moving average is $100.88. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $44.68 billion, a PE ratio of 36.38 and a beta of 0.89.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.10%. The ex-dividend date is Friday, March 14th. Crown Castle's payout ratio 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.