Y Intercept Hong Kong Ltd Makes New $1.22 Million Investment in Crown Castle Inc. (NYSE:CCI)

Y Intercept Hong Kong Ltd purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,456 shares of the real estate investment trust’s stock, valued at approximately $1,221,000.

A number of other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Crown Castle in the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. FNY Investment Advisers LLC increased its stake 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 valued at $36,000 after buying an additional 300 shares during the period. Roxbury Financial LLC bought a new position in Crown Castle in the 4th quarter valued at approximately $37,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Crown Castle during the 3rd quarter worth approximately $47,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Down 1.9 %

Shares of NYSE CCI opened at $91.58 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $39.80 billion, a PE ratio of 32.48 and a beta of 0.88. The company’s fifty day simple moving average is $89.63 and its 200 day simple moving average is $102.61. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.84%. Crown Castle’s dividend payout ratio is presently 221.99%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Moffett Nathanson decreased their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Citizens Jmp upgraded Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup lowered their price objective on Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, JMP Securities initiated coverage on Crown Castle in a research note on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $108.75.

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.