Crown Castle Inc. (NYSE:CCI) Stake Boosted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 27.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,754 shares of the real estate investment trust's stock after buying an additional 88,274 shares during the quarter. Crown Castle comprises 1.8% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's portfolio, making the stock its 17th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.10% of Crown Castle worth $47,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co grew its holdings in Crown Castle by 108.5% in the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust's stock worth $25,000 after buying an additional 140 shares in the last quarter. Union Savings Bank bought a new position in Crown Castle during the 2nd quarter valued at $27,000. ST Germain D J Co. Inc. bought a new position in Crown Castle during the 2nd quarter valued at $27,000. West Tower Group LLC bought a new position in Crown Castle during the 2nd quarter valued at $28,000. Finally, Almanack Investment Partners LLC. bought a new position in Crown Castle during the 3rd quarter valued at $28,000. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Up 0.2 %

Shares of NYSE:CCI traded up $0.24 during midday trading on Friday, hitting $105.83. 2,074,242 shares of the stock were exchanged, compared to its average volume of 2,594,567. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.40 and a current ratio of 0.40. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $136.29. The business's fifty day simple moving average is $107.83 and its two-hundred day simple moving average is $104.63. The company has a market capitalization of $45.99 billion, a PE ratio of 30.59, a P/E/G ratio of 2.80 and a beta of 0.74.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $1.565 per share. The ex-dividend date was Thursday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 5.92%. Crown Castle's dividend payout ratio is 180.92%.

Analyst Ratings Changes

CCI has been the subject of a number of research reports. HSBC initiated coverage on Crown Castle in a research note on Thursday, December 14th. They set a "hold" rating and a $110.00 price target for the company. Royal Bank of Canada raised their price objective on Crown Castle from $92.00 to $109.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 21st. Wells Fargo & Company raised Crown Castle from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $90.00 to $115.00 in a research note on Tuesday, December 5th. Finally, BMO Capital Markets raised Crown Castle from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $107.00 to $110.00 in a research note on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Crown Castle presently has a consensus rating of "Hold" and an average target price of $121.33.

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.

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