Hoxton Planning & Management LLC Makes New Investment in Crown Castle Inc. (NYSE:CCI)

Hoxton Planning & Management LLC purchased a new stake in Crown Castle Inc. (NYSE:CCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,090 shares of the real estate investment trust’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCI. United Services Automobile Association grew its position in Crown Castle by 23.1% in the third quarter. United Services Automobile Association now owns 13,411 shares of the real estate investment trust’s stock worth $1,234,000 after acquiring an additional 2,516 shares during the period. Van ECK Associates Corp grew its holdings in shares of Crown Castle by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 117,914 shares of the real estate investment trust’s stock worth $10,852,000 after purchasing an additional 542 shares during the period. International Assets Investment Management LLC increased its position in shares of Crown Castle by 8,611.0% during the 4th quarter. International Assets Investment Management LLC now owns 703,236 shares of the real estate investment trust’s stock worth $81,006,000 after purchasing an additional 695,163 shares during the last quarter. Manning & Napier Group LLC purchased a new stake in Crown Castle in the 4th quarter valued at about $5,005,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Crown Castle by 82.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,963 shares of the real estate investment trust’s stock valued at $4,205,000 after buying an additional 16,687 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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 company has a market cap of $41.55 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The stock’s 50-day moving average is $105.96 and its two-hundred day moving average is $105.22. Crown Castle Inc. has a 1-year low of $84.72 and a 1-year high of $134.09.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.565 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.55%. Crown Castle’s dividend payout ratio (DPR) is 180.92%.

Analysts Set New Price Targets

CCI has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Crown Castle from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $107.00 to $110.00 in a research report on Friday, January 19th. Royal Bank of Canada boosted their target price on Crown Castle from $92.00 to $109.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $118.93.

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.