Hsbc Holdings PLC Acquires 88,848 Shares of Crown Castle Inc. (NYSE:CCI)

Hsbc Holdings PLC increased its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,813,953 shares of the real estate investment trust's stock after acquiring an additional 88,848 shares during the quarter. Hsbc Holdings PLC owned about 0.42% of Crown Castle worth $164,392,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Crown Castle in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC boosted its stake in 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 buying an additional 300 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Crown Castle in the 4th quarter valued at $37,000. Marshall Investment Management LLC bought a new position in shares of Crown Castle during the 4th quarter worth about $50,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Crown Castle during the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wolfe Research raised Crown Castle from an "underperform" rating to a "peer perform" rating in a report on Monday, March 17th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Crown Castle in a report on Tuesday, March 25th. StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Citigroup reaffirmed a "buy" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Finally, Scotiabank raised their price objective on shares of Crown Castle from $99.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 22nd. Twelve equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.47.

Crown Castle Trading Up 0.1 %

Shares of Crown Castle stock traded up $0.12 during trading hours on Monday, hitting $100.31. The company's stock had a trading volume of 1,034,032 shares, compared to its average volume of 2,873,570. The stock has a 50 day moving average of $99.02 and a 200 day moving average of $98.25. The company has a market capitalization of $43.68 billion, a PE ratio of 35.51 and a beta of 0.93. 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 Inc. has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.24%. Crown Castle's dividend payout ratio (DPR) is currently -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.