Crown Castle Inc. (NYSE:CCI) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 810,000 shares of the real estate investment trust's stock after buying an additional 250,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.19% of Crown Castle worth $73,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Twin Tree Management LP acquired a new stake in Crown Castle during the 4th quarter worth 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 purchased a new stake in Crown Castle in the fourth quarter valued at approximately $37,000. Marshall Investment Management LLC acquired a new position in Crown Castle in the 4th quarter worth approximately $50,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Crown Castle in the 4th quarter valued at $53,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.1 %

Shares of Crown Castle stock traded up $0.11 during trading hours on Monday, hitting $106.98. The company's stock had a trading volume of 2,708,624 shares, compared to its average volume of 2,866,501. The stock has a market cap of $46.58 billion, a price-to-earnings ratio of 37.94 and a beta of 0.93. 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 Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a fifty day moving average of $100.33 and a 200-day moving average of $97.96.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. Crown Castle's revenue was down 4.8% on a year-over-year basis. Research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 5.85%. Crown Castle's dividend payout ratio is currently -58.18%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, March 17th. Moffett Nathanson dropped their target price on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. StockNews.com upgraded Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. JMP Securities upped their target price on Crown Castle from $115.00 to $125.00 and gave the stock a "market outperform" rating in a research note on Thursday. Finally, Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Crown Castle presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.41.

Crown Castle 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.