National Pension Service Acquires 38,531 Shares of Crown Castle Inc. (NYSE:CCI)

National Pension Service increased its holdings in Crown Castle Inc. (NYSE:CCI) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,123,616 shares of the real estate investment trust’s stock after purchasing an additional 38,531 shares during the period. National Pension Service’s holdings in Crown Castle were worth $101,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in shares of Crown Castle by 29.4% in 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 in the last quarter. Van ECK Associates Corp raised its stake in Crown Castle by 24.7% during the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock worth $17,476,000 after acquiring an additional 31,319 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Crown Castle during the fourth quarter valued at $1,231,000. Avanza Fonder AB acquired a new stake in shares of Crown Castle in the 4th quarter valued at $3,083,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Crown Castle by 4.2% in 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 purchasing an additional 203,442 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Down 1.9 %

Shares of NYSE:CCI opened at $91.58 on Thursday. 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 stock has a market cap of $39.80 billion, a price-to-earnings ratio of 32.48 and a beta of 0.88. The company has a 50 day moving average of $89.63 and a 200-day moving average of $102.61. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle Dividend Announcement

The firm 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. This represents a $6.26 annualized dividend and a dividend yield of 6.84%. Crown Castle’s payout ratio is 221.99%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Scotiabank cut their target price on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson decreased their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Finally, Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned 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 $108.75.

Crown Castle Company 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.