Crown Castle Inc. (NYSE:CCI) Shares Acquired by Caden Capital Partners LP

Caden Capital Partners LP boosted its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,987 shares of the real estate investment trust's stock after purchasing an additional 80,431 shares during the quarter. Crown Castle comprises 13.6% of Caden Capital Partners LP's investment portfolio, making the stock its 4th biggest position. Caden Capital Partners LP owned 0.11% of Crown Castle worth $44,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CCI. Twin Tree Management LP acquired a new stake in shares of Crown Castle during the fourth quarter valued at about $25,000. FNY Investment Advisers LLC lifted its holdings 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 purchasing an additional 300 shares during the period. Roxbury Financial LLC bought a new stake in shares of Crown Castle in the fourth quarter worth $37,000. Marshall Investment Management LLC bought a new position in Crown Castle during the 4th quarter worth $50,000. Finally, Bank of Jackson Hole Trust acquired a new position in Crown Castle during the 4th quarter worth about $53,000. Institutional investors own 90.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CCI shares. Scotiabank upped their price objective on shares of Crown Castle from $99.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group downgraded Crown Castle from a "buy" rating to a "hold" rating and decreased their price target for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Wolfe Research upgraded Crown Castle from an "underperform" rating to a "peer perform" rating in a research report on Monday, March 17th. Citigroup reiterated a "buy" rating on shares of Crown Castle in a report on Tuesday, March 25th. Finally, StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.18.

Crown Castle Price Performance

CCI stock traded up $0.56 during trading on Thursday, hitting $106.32. 3,154,614 shares of the company's stock traded hands, compared to its average volume of 2,870,894. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The stock has a market capitalization of $46.29 billion, a price-to-earnings ratio of 37.70 and a beta of 0.93. The business has a fifty day simple moving average of $99.78 and a 200 day simple moving average of $98.27. 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 (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The business's quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts expect that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.89%. Crown Castle's payout ratio 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.