Dimensional Fund Advisors LP Buys 9,129 Shares of Crown Castle Inc. (NYSE:CCI)

Dimensional Fund Advisors LP lifted its stake in Crown Castle Inc. (NYSE:CCI) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,919,891 shares of the real estate investment trust’s stock after buying an additional 9,129 shares during the quarter. Dimensional Fund Advisors LP owned about 1.36% of Crown Castle worth $537,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CCI. Twin Tree Management LP bought a new position in shares of Crown Castle in the fourth quarter worth approximately $25,000. FNY Investment Advisers LLC boosted its holdings in Crown Castle by 300.0% in the 4th 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 during the period. Roxbury Financial LLC purchased a new stake in Crown Castle in the 4th quarter worth $37,000. Marshall Investment Management LLC bought a new stake in Crown Castle during the fourth quarter valued at about $50,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Crown Castle in the fourth quarter valued at about $53,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CCI. KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Friday, March 14th. Bank of America began coverage on shares of Crown Castle in a report on Thursday, March 20th. They issued a “neutral” rating and a $110.00 target price on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Crown Castle in a research note on Tuesday, March 25th. Wolfe Research upgraded Crown Castle from an “underperform” rating to a “peer perform” rating in a research report on Monday, March 17th. Finally, UBS Group upgraded Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, March 14th. Twelve analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and a consensus price target of $109.88.

Crown Castle Trading Up 2.2 %

CCI stock opened at $103.51 on Friday. The company has a market capitalization of $45.07 billion, a PE ratio of 36.71 and a beta of 0.93. 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 Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The firm’s 50-day moving average is $97.73 and its 200 day moving average is $98.80.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a dividend yield of 6.05%. The ex-dividend date was Friday, March 14th. Crown Castle’s dividend payout ratio 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.