Vinva Investment Management Ltd Raises Holdings in Crown Castle Inc. (NYSE:CCI)

Vinva Investment Management Ltd grew its holdings in Crown Castle Inc. (NYSE:CCI) by 7.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,339 shares of the real estate investment trust’s stock after acquiring an additional 1,407 shares during the quarter. Vinva Investment Management Ltd’s holdings in Crown Castle were worth $1,916,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Versor Investments LP increased its holdings in shares of Crown Castle by 120.0% in the 4th quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 4,608 shares during the last quarter. Nordea Investment Management AB grew its stake in Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after buying an additional 282,821 shares during the last quarter. Oak Thistle LLC purchased a new position in Crown Castle during the 4th quarter worth approximately $1,231,000. Avanza Fonder AB purchased a new position in Crown Castle during the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC grew its stake in Crown Castle by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after buying an additional 203,442 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $85.00 to $105.00 in a research note on Monday. KeyCorp upgraded Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Friday, March 14th. Barclays increased their price objective on Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Crown Castle Stock Up 0.2 %

CCI opened at $104.59 on Friday. The business’s fifty day moving average is $92.32 and its two-hundred day moving average is $101.25. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $45.45 billion, a price-to-earnings ratio of 37.09 and a beta of 0.89. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 5.99%. Crown Castle’s payout ratio is -69.71%.

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.