Columbia Trust Co 01012016 Raises Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Columbia Trust Co 01012016 lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,128 shares of the real estate investment trust’s stock after purchasing an additional 609 shares during the quarter. Columbia Trust Co 01012016’s holdings in Crown Castle were worth $476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Crown Castle by 0.8% during the second quarter. BlackRock Inc. now owns 31,643,321 shares of the real estate investment trust’s stock worth $3,605,440,000 after purchasing an additional 258,811 shares in the last quarter. State Street Corp lifted its position in Crown Castle by 1.4% in the 2nd quarter. State Street Corp now owns 20,907,232 shares of the real estate investment trust’s stock worth $2,382,170,000 after buying an additional 279,702 shares during the last quarter. Morgan Stanley lifted its position in Crown Castle by 8.9% in the 3rd quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock worth $1,203,648,000 after buying an additional 1,064,382 shares during the last quarter. FMR LLC lifted its position in Crown Castle by 14.3% in the 3rd quarter. FMR LLC now owns 11,936,611 shares of the real estate investment trust’s stock worth $1,098,526,000 after buying an additional 1,496,330 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in Crown Castle by 27.6% in the 2nd quarter. Cohen & Steers Inc. now owns 11,076,246 shares of the real estate investment trust’s stock worth $1,262,045,000 after buying an additional 2,398,791 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. HSBC began coverage on Crown Castle in a research report on Thursday, December 14th. They issued a “hold” rating and a $110.00 price objective for the company. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $90.00 to $115.00 in a research report on Tuesday, December 5th. Finally, BMO Capital Markets upgraded Crown Castle from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $107.00 to $110.00 in a research report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.33.

Crown Castle Price Performance

Shares of CCI stock opened at $105.59 on Thursday. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.71 and a beta of 0.74. The business’s fifty day moving average is $107.92 and its 200 day moving average is $104.61. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $136.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.46.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $1.565 dividend. The ex-dividend date is Thursday, March 14th. This represents a $6.26 annualized dividend and a yield of 5.93%. Crown Castle’s payout ratio is 180.92%.

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.