Crown Castle Inc. (NYSE:CCI) Shares Acquired by Columbia Trust Co 01012016

Columbia Trust Co 01012016 lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 17.3% during the fourth quarter, Holdings Channel reports. The firm owned 4,128 shares of the real estate investment trust’s stock after acquiring an additional 609 shares during the quarter. Columbia Trust Co 01012016’s holdings in Crown Castle were worth $476,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. Tectonic Advisors LLC increased its position in Crown Castle by 17.3% in the 4th quarter. Tectonic Advisors LLC now owns 4,698 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 694 shares during the period. Pinnacle Wealth Management Group Inc. increased its position in Crown Castle by 11.3% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 4,664 shares of the real estate investment trust’s stock valued at $537,000 after acquiring an additional 475 shares during the period. Abundance Wealth Counselors increased its position in Crown Castle by 6.1% in the 4th quarter. Abundance Wealth Counselors now owns 6,096 shares of the real estate investment trust’s stock valued at $702,000 after acquiring an additional 353 shares during the period. Fiduciary Alliance LLC increased its position in Crown Castle by 46.9% in the 4th quarter. Fiduciary Alliance LLC now owns 80,428 shares of the real estate investment trust’s stock valued at $9,264,000 after acquiring an additional 25,669 shares during the period. Finally, Simon Quick Advisors LLC increased its position in Crown Castle by 4.7% in the 4th quarter. Simon Quick Advisors LLC now owns 14,616 shares of the real estate investment trust’s stock valued at $1,684,000 after acquiring an additional 654 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CCI shares. BMO Capital Markets upgraded 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 report on Friday, January 19th. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $90.00 to $115.00 in a research report on Tuesday, December 5th. Royal Bank of Canada boosted their price target 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. Finally, HSBC began coverage on Crown Castle in a research note on Thursday, December 14th. They set a “hold” rating and a $110.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.33.

Crown Castle Price Performance

CCI stock opened at $105.59 on Thursday. Crown Castle Inc. has a 1 year low of $84.72 and a 1 year high of $136.29. The firm has a market cap of $45.88 billion, a P/E ratio of 30.52, a PEG ratio of 2.71 and a beta of 0.74. The stock’s 50 day moving average price is $107.92 and its 200 day moving average price is $104.61. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Thursday, March 14th. Crown Castle’s dividend payout ratio is presently 180.92%.

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.