Crown Castle Inc. (NYSE:CCI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Crown Castle Inc. (NYSE:CCI - Free Report) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 367,900 shares of the real estate investment trust's stock after purchasing an additional 83,915 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Crown Castle worth $33,391,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC boosted 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 purchasing an additional 300 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Crown Castle in the 4th quarter valued at about $37,000. Investors Research Corp boosted its stake in shares of Crown Castle by 57.2% in the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust's stock worth $50,000 after buying an additional 154 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in Crown Castle during the fourth quarter worth about $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Crown Castle during the fourth quarter worth about $53,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle Price Performance

CCI stock traded up $0.72 during midday trading on Monday, reaching $98.45. The stock had a trading volume of 3,772,385 shares, compared to its average volume of 2,533,781. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company's fifty day simple moving average is $90.22 and its 200 day simple moving average is $101.83. The company has a market cap of $42.79 billion, a price-to-earnings ratio of 34.91 and a beta of 0.89.

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Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is 221.99%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCI shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Scotiabank lowered their price target on shares of Crown Castle from $118.00 to $102.00 and set a "sector perform" rating on the stock in a report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $117.00 to $104.00 in a report on Monday, January 13th. Citigroup decreased their price objective on shares of Crown Castle from $128.00 to $106.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Citizens Jmp upgraded Crown Castle to a "strong-buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $108.75.

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.