XTX Topco Ltd Buys Shares of 4,669 Crown Castle Inc. (NYSE:CCI)

XTX Topco Ltd purchased a new position in Crown Castle Inc. (NYSE:CCI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,669 shares of the real estate investment trust's stock, valued at approximately $424,000.

A number of other institutional investors have also recently modified their holdings of the stock. Twin Tree Management LP bought a new position in Crown Castle in the fourth quarter valued at about $25,000. FNY Investment Advisers LLC raised its holdings in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 300 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Crown Castle during the 4th quarter valued at approximately $37,000. Marshall Investment Management LLC purchased a new position in Crown Castle during the 4th quarter valued at $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in Crown Castle during the 4th quarter worth $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CCI shares. Jefferies Financial Group lowered Crown Castle from a "buy" rating to a "hold" rating and cut their target price for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. JMP Securities began coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an "outperform" rating and a $115.00 price objective for the company. Wells Fargo & Company upgraded shares of Crown Castle from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $85.00 to $105.00 in a research report on Monday, March 17th. Barclays lifted their price target on Crown Castle from $104.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, March 17th. Finally, Wolfe Research upgraded shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.47.

Crown Castle Price Performance

NYSE CCI traded down $0.57 during trading hours on Friday, hitting $100.18. 1,716,710 shares of the company's stock traded hands, compared to its average volume of 2,880,766. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The firm's 50-day moving average is $99.02 and its 200-day moving average is $98.25. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a market capitalization of $43.62 billion, a PE ratio of 35.52 and a beta of 0.93.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.25%. Crown Castle's dividend payout ratio is presently -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.