Bcwm LLC Purchases New Holdings in Crown Castle Inc. (NYSE:CCI)

Bcwm LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,484 shares of the real estate investment trust’s stock, valued at approximately $3,221,000.

Other hedge funds have also recently bought and sold shares of the company. Versor Investments LP boosted its holdings in Crown Castle by 120.0% in the fourth quarter. Versor Investments LP now owns 8,447 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 4,608 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after buying an additional 282,821 shares during the period. Oak Thistle LLC bought a new position in Crown Castle in the fourth quarter valued at approximately $1,231,000. Avanza Fonder AB bought a new stake in shares of Crown Castle during the 4th quarter valued at $3,083,000. Finally, Citizens Business Bank bought a new stake in Crown Castle in the third quarter valued at approximately $620,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Crown Castle in a research report on Tuesday. Bank of America assumed coverage on shares of Crown Castle in a report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 price target for the company. JMP Securities started coverage on shares of Crown Castle in a report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Moffett Nathanson reduced their price target on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Finally, Argus upgraded Crown Castle to a “hold” rating in a report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $103.61 on Friday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The business has a fifty day moving average price of $94.20 and a 200-day moving average price of $100.65. The company has a market capitalization of $45.11 billion, a PE 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.04%. Crown Castle’s dividend payout ratio (DPR) is -69.71%.

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.