NEOS Investment Management LLC Has $2.36 Million Holdings in Crown Castle Inc. (NYSE:CCI)

NEOS Investment Management LLC increased its holdings in Crown Castle Inc. (NYSE:CCI) by 31.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,998 shares of the real estate investment trust’s stock after buying an additional 6,222 shares during the period. NEOS Investment Management LLC’s holdings in Crown Castle were worth $2,360,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP bought a new position in Crown Castle during the 4th quarter worth $25,000. FNY Investment Advisers LLC increased its position in shares of Crown Castle by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in Crown Castle in the fourth quarter valued at about $37,000. Marshall Investment Management LLC bought a new stake in Crown Castle during the fourth quarter worth about $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Crown Castle during the fourth quarter worth about $53,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Price Performance

Shares of CCI opened at $103.61 on Friday. The business has a 50-day moving average of $94.20 and a 200-day moving average of $100.78. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The company has a market capitalization of $45.11 billion, a price-to-earnings ratio of 36.74 and a beta of 0.89. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.565 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.04%. Crown Castle’s dividend payout ratio (DPR) is currently -69.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on CCI shares. JMP Securities began coverage on shares of Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 target price for the company. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Monday, March 17th. UBS Group raised Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday, March 14th. Scotiabank lowered their price target on Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Crown Castle from $121.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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.