Crown Castle Inc. (NYSE:CCI) Shares Purchased by Cascade Investment Group Inc.

Cascade Investment Group Inc. raised its position in Crown Castle Inc. (NYSE:CCI) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,202 shares of the real estate investment trust’s stock after purchasing an additional 1,115 shares during the quarter. Cascade Investment Group Inc.’s holdings in Crown Castle were worth $654,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in Crown Castle by 13.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 90 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Crown Castle by 2.4% during the second quarter. Pathway Financial Advisers LLC now owns 3,869 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 91 shares in the last quarter. True North Advisors LLC boosted its stake in shares of Crown Castle by 4.2% in the third quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 95 shares during the period. Malaga Cove Capital LLC increased its stake in Crown Castle by 1.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 100 shares during the period. Finally, Tsfg LLC lifted its holdings in Crown Castle by 27.5% during the 3rd quarter. Tsfg LLC now owns 542 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 117 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.4 %

NYSE CCI opened at $91.03 on Monday. The firm’s fifty day moving average is $96.66 and its two-hundred day moving average is $105.61. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. 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 firm has a market cap of $39.56 billion, a PE ratio of 32.28 and a beta of 0.87.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio is presently 221.99%.

Wall Street Analyst Weigh In

CCI has been the topic of several analyst reports. UBS Group increased their price objective on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company lowered Crown Castle from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $105.00 to $100.00 in a research report on Tuesday, December 10th. Citigroup set a $128.00 price objective on Crown Castle in a research report on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, TD Cowen lowered their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus target price of $113.00.

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.