Advisors Asset Management Inc. Buys 4,529 Shares of Crown Castle Inc. (NYSE:CCI)

Advisors Asset Management Inc. raised its stake in Crown Castle Inc. (NYSE:CCI) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,863 shares of the real estate investment trust’s stock after purchasing an additional 4,529 shares during the period. Advisors Asset Management Inc.’s holdings in Crown Castle were worth $13,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Crown Castle during the fourth quarter worth about $25,000. FNY Investment Advisers LLC increased its position in shares of Crown Castle by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Crown Castle during the fourth quarter worth about $37,000. Investors Research Corp increased its position in shares of Crown Castle by 57.2% during the third quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 154 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter worth about $50,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

Shares of CCI stock opened at $102.91 on Tuesday. The stock has a market capitalization of $44.73 billion, a P/E ratio of 36.49 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. The firm’s 50 day moving average is $91.29 and its 200 day moving average is $101.26. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday. Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. KeyCorp raised shares of Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective for the company in a research report on Friday. Raymond James raised shares of Crown Castle from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $128.00 to $122.00 in a research report on Friday. Finally, Citigroup upped their price objective on shares of Crown Castle from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.29.

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.