EntryPoint Capital LLC Takes Position in Crown Castle Inc. (NYSE:CCI)

EntryPoint Capital LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,603 shares of the real estate investment trust’s stock, valued at approximately $327,000.

Other large investors have also bought and sold shares of the company. Twin Tree Management LP bought a new position in shares of Crown Castle in the fourth quarter worth about $25,000. FNY Investment Advisers LLC lifted its stake in Crown Castle by 300.0% in the 4th 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 stake in Crown Castle in the fourth quarter valued at approximately $37,000. Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Crown Castle during the fourth quarter worth $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of CCI opened at $102.61 on Friday. The firm has a market cap of $44.68 billion, a PE ratio of 36.38 and a beta of 0.89. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The business’s 50 day moving average price is $93.95 and its two-hundred day moving average price is $100.88. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio is presently -69.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCI shares. JMP Securities started coverage on Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. 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. Bank of America initiated coverage on shares of Crown Castle in a report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 price objective for the company. Citigroup boosted their target price on shares of Crown Castle from $106.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $105.00 in a research report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Crown Castle has a consensus rating of “Moderate Buy” and an average price target of $110.00.

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.