St. James Investment Company LLC Grows Stake in Crown Castle Inc. (NYSE:CCI)

St. James Investment Company LLC boosted its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,207 shares of the real estate investment trust's stock after acquiring an additional 14,294 shares during the period. Crown Castle accounts for 2.8% of St. James Investment Company LLC's investment portfolio, making the stock its 18th largest holding. St. James Investment Company LLC's holdings in Crown Castle were worth $17,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. United Asset Strategies Inc. boosted its holdings in Crown Castle by 19.5% in the fourth quarter. United Asset Strategies Inc. now owns 4,986 shares of the real estate investment trust's stock valued at $574,000 after acquiring an additional 815 shares during the last quarter. SVB Wealth LLC lifted its stake in Crown Castle by 4.5% in the fourth quarter. SVB Wealth LLC now owns 3,924 shares of the real estate investment trust's stock valued at $452,000 after buying an additional 168 shares during the period. Keel Point LLC acquired a new position in Crown Castle in the fourth quarter valued at approximately $219,000. Bourgeon Capital Management LLC lifted its stake in Crown Castle by 17.5% in the fourth quarter. Bourgeon Capital Management LLC now owns 1,745 shares of the real estate investment trust's stock valued at $201,000 after buying an additional 260 shares during the period. Finally, Hoxton Planning & Management LLC acquired a new position in Crown Castle in the fourth quarter valued at approximately $241,000. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Crown Castle from $92.00 to $109.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 21st. BMO Capital Markets raised Crown Castle from an "underperform" rating to a "market perform" rating and boosted their price target for the company 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 five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $118.93.

Crown Castle Stock Down 1.8 %

NYSE CCI traded down $1.73 on Tuesday, reaching $93.93. The company had a trading volume of 4,054,200 shares, compared to its average volume of 2,763,660. The stock has a market capitalization of $40.81 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.57 and a beta of 0.73. The company's fifty day moving average is $105.69 and its 200 day moving average is $105.23. Crown Castle Inc. has a 52-week low of $84.72 and a 52-week high of $134.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.46.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle's payout ratio is currently 180.92%.

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.