Crown Castle Inc. (NYSE:CCI) Shares Purchased by Amundi

Amundi boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,830,573 shares of the real estate investment trust’s stock after acquiring an additional 11,008 shares during the period. Amundi owned about 0.42% of Crown Castle worth $160,175,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Napa Wealth Management grew its stake in shares of Crown Castle by 4.6% during the third quarter. Napa Wealth Management now owns 2,765 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 122 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in Crown Castle by 5.4% during the 4th quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Crown Castle by 12.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 126 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Crown Castle by 5.9% during the 4th quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 133 shares in the last quarter. Finally, Howard Capital Management Inc. increased its holdings in shares of Crown Castle by 1.2% in 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 acquiring an additional 135 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of research analyst reports. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their target price for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Finally, Scotiabank reduced their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Crown Castle currently has an average rating of “Hold” and an average price target of $108.75.

Crown Castle Stock Performance

NYSE:CCI opened at $97.78 on Monday. The firm’s fifty day simple moving average is $90.22 and its 200-day simple moving average is $101.83. 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 stock has a market cap of $42.49 billion, a PE ratio of 34.67 and a beta of 0.89. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.40%. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

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.