Crown Castle Inc. (NYSE:CCI) Holdings Boosted by Cooke & Bieler LP

Cooke & Bieler LP increased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,839,036 shares of the real estate investment trust’s stock after buying an additional 242,565 shares during the quarter. Crown Castle comprises about 2.5% of Cooke & Bieler LP’s holdings, making the stock its 7th largest position. Cooke & Bieler LP owned approximately 0.65% of Crown Castle worth $257,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CCI. FNY Investment Advisers LLC lifted its position in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Crown Castle during the 4th quarter valued at $37,000. Investors Research Corp boosted its position in Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares during the period. Marshall Investment Management LLC purchased a new stake in Crown Castle during the 4th quarter worth $50,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Crown Castle during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent analyst reports. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank dropped their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 23rd. Citigroup dropped their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Moffett Nathanson dropped their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of “Hold” and an average target price of $108.75.

Crown Castle Stock Up 0.7 %

Shares of NYSE:CCI opened at $98.45 on Tuesday. The firm has a market cap of $42.79 billion, a P/E ratio of 34.91 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92. The business has a fifty day simple moving average of $90.40 and a 200 day simple moving average of $101.75.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.36%. Crown Castle’s dividend payout ratio is presently 221.99%.

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.