Sapient Capital LLC Purchases New Position in Crown Castle Inc. (NYSE:CCI)

Sapient Capital LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,907 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. acquired a new position in Crown Castle in the third quarter valued at approximately $28,000. ST Germain D J Co. Inc. acquired a new stake in shares of Crown Castle in the second quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Crown Castle in the second quarter valued at approximately $29,000. Riverview Trust Co boosted its holdings in shares of Crown Castle by 108.5% in the third quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 140 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Crown Castle in the fourth quarter valued at approximately $37,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. 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 report on Friday, January 19th. 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 report on Wednesday, February 21st. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $118.93.

Crown Castle Price Performance

Shares of NYSE CCI opened at $95.62 on Tuesday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a fifty day moving average price of $105.96 and a 200 day moving average price of $105.22. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $134.09. The company has a market cap of $41.55 billion, a PE ratio of 27.64, a P/E/G ratio of 2.57 and a beta of 0.73.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend was Thursday, March 14th. Crown Castle’s payout ratio 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.