Crown Castle Inc. (NYSE:CCI) Stock Position Lifted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lifted its holdings in Crown Castle Inc. (NYSE:CCI) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,689 shares of the real estate investment trust’s stock after purchasing an additional 664 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Crown Castle were worth $607,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake in Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after buying an additional 747,390 shares in the last quarter. Wellington Management Group LLP boosted its stake in Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after buying an additional 3,371,186 shares in the last quarter. Geode Capital Management LLC boosted its stake in Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after buying an additional 151,990 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Crown Castle by 2.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,218,431 shares of the real estate investment trust’s stock valued at $473,625,000 after buying an additional 130,414 shares in the last quarter. Finally, Barclays PLC boosted its stake in Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock valued at $613,900,000 after buying an additional 348,296 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Up 2.7 %

Shares of Crown Castle stock opened at $97.78 on Monday. The stock has a 50-day moving average price of $90.22 and a 200 day moving average price of $101.83. The company has a market cap of $42.49 billion, a P/E ratio of 34.67 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio is currently 221.99%.

Analysts Set New Price Targets

CCI has been the subject of several research reports. Wells Fargo & Company decreased their target price on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. Jefferies Financial Group cut Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Moffett Nathanson reduced their target price on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Finally, Citigroup reduced their target price on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $108.75.

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.