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

Stonegate Investment Group LLC lifted its position in Crown Castle Inc. (NYSE:CCI) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,828 shares of the real estate investment trust’s stock after purchasing an additional 1,465 shares during the period. Stonegate Investment Group LLC’s holdings in Crown Castle were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in shares of Crown Castle by 44.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 48,918 shares of the real estate investment trust’s stock valued at $4,440,000 after purchasing an additional 14,975 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Crown Castle by 21.3% in the 4th quarter. Pacer Advisors Inc. now owns 247,572 shares of the real estate investment trust’s stock valued at $22,470,000 after purchasing an additional 43,439 shares during the period. Blue Trust Inc. lifted its stake in shares of Crown Castle by 38.5% in the 4th quarter. Blue Trust Inc. now owns 3,782 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 1,051 shares during the period. Maple Brown Abbott Ltd lifted its stake in shares of Crown Castle by 7.9% in the 4th quarter. Maple Brown Abbott Ltd now owns 945,268 shares of the real estate investment trust’s stock valued at $85,793,000 after purchasing an additional 69,150 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Crown Castle during the fourth quarter worth $259,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Up 4.3 %

Shares of CCI stock opened at $92.33 on Tuesday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $40.13 billion, a PE ratio of 32.74 and a beta of 0.87. The company has a 50-day moving average of $95.29 and a two-hundred day moving average of $105.41. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CCI shares. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $117.00 to $104.00 in a research report on Monday, January 13th. JMP Securities started coverage on shares of Crown Castle in a research report on Monday. They issued an “outperform” rating and a $115.00 target price for the company. UBS Group upped their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus price target of $110.13.

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.