Crown Castle Inc. (NYSE:CCI) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,827 shares of the real estate investment trust's stock after purchasing an additional 29,973 shares during the period. Schroder Investment Management Group's holdings in Crown Castle were worth $10,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Twin Tree Management LP purchased a new position in shares of Crown Castle during the 4th quarter valued at approximately $25,000. FNY Investment Advisers LLC raised its holdings in Crown Castle by 300.0% in the fourth 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 in the last quarter. Roxbury Financial LLC bought a new position in Crown Castle during the 4th quarter valued at $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle during the 4th quarter worth $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. Institutional investors and hedge funds own 90.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCI. Citigroup reiterated a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Wolfe Research upgraded Crown Castle from an "underperform" rating to a "peer perform" rating in a report on Monday, March 17th. Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Raymond James upgraded shares of Crown Castle from an "outperform" rating to a "strong-buy" rating and lowered their target price for the company from $128.00 to $122.00 in a research note on Friday, March 14th. Finally, Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Eleven 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.00.

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Crown Castle Stock Performance

Crown Castle stock traded down $6.17 during mid-day trading on Friday, hitting $100.89. 4,772,543 shares of the company's stock traded hands, compared to its average volume of 2,880,876. 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 Inc. has a one year low of $84.20 and a one year high of $120.92. The firm has a 50 day moving average price of $95.67 and a 200 day moving average price of $100.11. The company has a market cap of $43.93 billion, a PE ratio of 35.78 and a beta of 0.93.

Crown Castle Dividend Announcement

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

Crown Castle 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.