XTX Topco Ltd Acquires New Position in Crown Castle Inc. (NYSE:CCI)

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

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Crown Castle in the fourth quarter worth approximately $561,714,000. Vanguard Group Inc. grew its position in shares of Crown Castle by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust’s stock worth $5,672,451,000 after buying an additional 5,934,615 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Crown Castle by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust’s stock valued at $1,892,332,000 after buying an additional 3,321,249 shares during the period. National Bank of Canada FI lifted its stake in Crown Castle by 37.3% in the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust’s stock worth $525,849,000 after acquiring an additional 1,573,043 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Crown Castle during the 4th quarter valued at about $95,167,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price target on Crown Castle from $121.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Raymond James upgraded Crown Castle from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $128.00 to $122.00 in a research note on Friday, March 14th. Wells Fargo & Company upgraded shares of Crown Castle from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $105.00 in a report on Monday, March 17th. Finally, Barclays increased their target price on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Crown Castle has an average rating of “Moderate Buy” and a consensus price target of $109.88.

Crown Castle Stock Down 1.3 %

NYSE:CCI opened at $102.22 on Tuesday. The firm has a market capitalization of $44.51 billion, a P/E ratio of 36.25 and a beta of 0.93. The company’s fifty day moving average price is $97.97 and its 200-day moving average price is $98.51. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 6.12%. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

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.