XTX Topco Ltd Makes New $424,000 Investment in Crown Castle Inc. (NYSE:CCI)

XTX Topco Ltd purchased a new stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,669 shares of the real estate investment trust's stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Accurate Wealth Management LLC boosted its stake in Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust's stock valued at $205,000 after acquiring an additional 124 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Crown Castle by 12.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 126 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Crown Castle by 5.9% during the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 133 shares during the last quarter. Howard Capital Management Inc. grew its stake in Crown Castle by 1.2% during the 4th quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 135 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its position in Crown Castle by 6.4% in the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Crown Castle Trading Down 0.6 %

NYSE:CCI traded down $0.57 during mid-day trading on Friday, reaching $100.18. The company's stock had a trading volume of 1,716,710 shares, compared to its average volume of 2,881,840. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $43.62 billion, a P/E ratio of 35.52 and a beta of 0.93. The company's fifty day simple moving average is $98.80 and its two-hundred day simple moving average is $98.50. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.25%. Crown Castle's dividend payout ratio is presently -69.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCI shares. JMP Securities initiated coverage on Crown Castle in a research note on Monday, January 27th. They set an "outperform" rating and a $115.00 price objective for the company. Raymond James raised Crown Castle from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $128.00 to $122.00 in a report on Friday, March 14th. StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Jefferies Financial Group cut Crown Castle from a "buy" rating to a "hold" rating and reduced their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Twelve investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Crown Castle presently has an average rating of "Moderate Buy" and an average price target of $110.47.

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.