Jump Financial LLC Acquires 28,942 Shares of Crown Castle Inc. (NYSE:CCI)

Jump Financial LLC raised its stake in shares of Crown Castle Inc. (NYSE:CCI) by 452.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,337 shares of the real estate investment trust’s stock after buying an additional 28,942 shares during the quarter. Jump Financial LLC’s holdings in Crown Castle were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Crown Castle Price Performance

Shares of CCI stock opened at $103.51 on Friday. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a fifty day simple moving average of $97.48 and a two-hundred day simple moving average of $98.91. The stock has a market capitalization of $45.07 billion, a price-to-earnings ratio of 36.71 and a beta of 0.93.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CCI shares. StockNews.com cut shares of Crown Castle from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Scotiabank lowered their price target on shares of Crown Castle from $102.00 to $99.00 and set a “sector perform” rating for the company in a report on Friday, March 14th. JMP Securities initiated coverage on Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Finally, Bank of America assumed coverage on Crown Castle in a research report on Thursday, March 20th. They set a “neutral” rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus price target of $109.88.

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.