St. James Investment Company LLC Boosts Stake in Crown Castle Inc. (NYSE:CCI)

St. James Investment Company LLC boosted its position in shares of Crown Castle Inc. (NYSE:CCI) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,207 shares of the real estate investment trust’s stock after purchasing an additional 14,294 shares during the quarter. Crown Castle makes up 2.8% of St. James Investment Company LLC’s portfolio, making the stock its 18th biggest holding. St. James Investment Company LLC’s holdings in Crown Castle were worth $17,302,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new stake in Crown Castle during the third quarter worth $28,000. ST Germain D J Co. Inc. purchased a new stake in Crown Castle during the second quarter worth $27,000. PCA Investment Advisory Services Inc. purchased a new stake in Crown Castle during the second quarter worth $29,000. Riverview Trust Co boosted its position in Crown Castle by 108.5% during the third quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in Crown Castle during the fourth quarter worth $37,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CCI shares. Royal Bank of Canada increased their price objective on Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. BMO Capital Markets raised Crown Castle from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $107.00 to $110.00 in a research note on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average price target of $118.93.

Crown Castle Trading Down 1.1 %

NYSE CCI traded down $1.08 during trading hours on Tuesday, hitting $94.57. 1,300,181 shares of the company’s stock were exchanged, compared to its average volume of 2,724,844. The business’s 50 day moving average is $105.96 and its 200-day moving average is $105.22. The firm has a market capitalization of $41.09 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. 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 Inc. has a 12-month low of $84.72 and a 12-month high of $134.09.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.62%. Crown Castle’s dividend payout ratio (DPR) is 180.92%.

About Crown Castle

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.