Two Sigma Securities LLC Invests $310,000 in Crown Castle Inc. (NYSE:CCI)

Two Sigma Securities LLC acquired a new position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,413 shares of the real estate investment trust's stock, valued at approximately $310,000.

Several other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust's stock worth $613,900,000 after acquiring an additional 348,296 shares in the last quarter. Bard Financial Services Inc. boosted its stake in Crown Castle by 6.6% during the third quarter. Bard Financial Services Inc. now owns 10,080 shares of the real estate investment trust's stock worth $1,196,000 after acquiring an additional 620 shares in the last quarter. Anchor Investment Management LLC boosted its stake in Crown Castle by 111.7% during the third quarter. Anchor Investment Management LLC now owns 1,397 shares of the real estate investment trust's stock worth $166,000 after acquiring an additional 737 shares in the last quarter. World Investment Advisors LLC boosted its stake in Crown Castle by 16.7% during the third quarter. World Investment Advisors LLC now owns 3,374 shares of the real estate investment trust's stock worth $400,000 after acquiring an additional 484 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Crown Castle during the third quarter worth $1,038,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wolfe Research raised shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. StockNews.com raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Argus raised shares of Crown Castle to a "hold" rating in a research note on Friday, March 21st. Bank of America assumed coverage on shares of Crown Castle in a research note on Thursday, March 20th. They issued a "neutral" rating and a $110.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of Crown Castle from $109.00 to $107.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of "Moderate Buy" and an average price target of $110.47.

Crown Castle Price Performance

Shares of NYSE CCI opened at $101.05 on Tuesday. The stock has a fifty day simple moving average of $99.26 and a two-hundred day simple moving average of $98.18. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market cap of $44.00 billion, a price-to-earnings ratio of 35.83 and a beta of 0.93. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.20%. The ex-dividend date was Friday, March 14th. Crown Castle's dividend payout ratio (DPR) is -69.71%.

About Crown Castle

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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