Crown Castle Inc. (NYSE:CCI) Stake Boosted by Truvestments Capital LLC

Truvestments Capital LLC increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,464 shares of the real estate investment trust’s stock after purchasing an additional 2,098 shares during the period. Truvestments Capital LLC’s holdings in Crown Castle were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its position in 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 buying an additional 300 shares during the period. Roxbury Financial LLC bought a new stake in shares of Crown Castle during the fourth quarter valued at about $37,000. Investors Research Corp raised its stake 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 valued at $50,000 after purchasing an additional 154 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of Crown Castle during the fourth quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Crown Castle during the fourth quarter valued at about $53,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Trading Down 0.8 %

Shares of NYSE CCI opened at $97.73 on Wednesday. The stock has a market cap of $42.47 billion, a price-to-earnings ratio of 34.66 and a beta of 0.89. The business has a 50 day simple moving average of $90.54 and a 200 day simple moving average of $101.65. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Dividend Announcement

The business 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 $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.41%. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCI. Moffett Nathanson cut their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. 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 price target on the stock. Citigroup dropped their price target on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and a consensus price target of $108.75.

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.