Crown Castle Inc. $CCI Stock Holdings Lifted by Cooke & Bieler LP

Cooke & Bieler LP lifted its position in Crown Castle Inc. (NYSE:CCI) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,419,034 shares of the real estate investment trust’s stock after acquiring an additional 138,061 shares during the quarter. Crown Castle makes up about 2.4% of Cooke & Bieler LP’s holdings, making the stock its 6th biggest holding. Cooke & Bieler LP’s holdings in Crown Castle were worth $233,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new stake in Crown Castle during the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Crown Castle in the second quarter worth $27,000. NewSquare Capital LLC grew its holdings in shares of Crown Castle by 74.5% during the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Crown Castle by 47.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 98 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Crown Castle by 511.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 324 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Crown Castle from $117.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. UBS Group lowered their price objective on shares of Crown Castle from $127.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Citigroup dropped their price objective on shares of Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. Raymond James Financial decreased their target price on shares of Crown Castle from $120.00 to $106.00 and set a “strong-buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Crown Castle from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.75.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $86.58 on Monday. The stock has a market capitalization of $37.70 billion, a P/E ratio of -8.14, a P/E/G ratio of 0.55 and a beta of 0.96. The business has a 50-day moving average of $88.59 and a two-hundred day moving average of $95.14. Crown Castle Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $115.76.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, December 15th. Crown Castle’s payout ratio is -39.98%.

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.