Pacer Advisors Inc. Has $22.47 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Pacer Advisors Inc. boosted its position in Crown Castle Inc. (NYSE:CCI) by 21.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 247,572 shares of the real estate investment trust’s stock after purchasing an additional 43,439 shares during the period. Pacer Advisors Inc. owned about 0.06% of Crown Castle worth $22,470,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle in the third quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of Crown Castle by 107.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 136 shares during the last quarter. FNY Investment Advisers LLC raised 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 acquiring an additional 300 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the 3rd quarter valued at $47,000. Finally, Friedenthal Financial bought a new position in Crown Castle during the third quarter worth $50,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CCI shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada increased their price target on shares of Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. UBS Group boosted their price objective on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Moffett Nathanson lowered their target price on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Barclays upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $117.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Stock Up 4.3 %

Shares of CCI opened at $92.33 on Tuesday. 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 Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market capitalization of $40.13 billion, a price-to-earnings ratio of 32.74 and a beta of 0.87. The stock has a fifty day moving average of $95.29 and a 200-day moving average of $105.41.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 6.78%. Crown Castle’s dividend payout ratio 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.