Maple Brown Abbott Ltd Has $85.79 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Maple Brown Abbott Ltd boosted its stake in Crown Castle Inc. (NYSE:CCI) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 945,268 shares of the real estate investment trust’s stock after buying an additional 69,150 shares during the period. Crown Castle accounts for approximately 10.5% of Maple Brown Abbott Ltd’s portfolio, making the stock its 3rd largest position. Maple Brown Abbott Ltd’s holdings in Crown Castle were worth $85,793,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Crown Castle by 3.7% during the third quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after purchasing an additional 747,390 shares during the last quarter. Wellington Management Group LLP raised its stake in Crown Castle by 23.8% during the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after buying an additional 3,371,186 shares during the last quarter. Geode Capital Management LLC raised its stake in Crown Castle by 1.3% during the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock valued at $1,434,229,000 after buying an additional 151,990 shares during the last quarter. Barclays PLC boosted its holdings in Crown Castle by 7.2% in the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock worth $613,900,000 after acquiring an additional 348,296 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Crown Castle by 4.2% in the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock worth $603,592,000 after acquiring an additional 203,442 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Down 0.2 %

NYSE:CCI opened at $88.49 on Monday. The firm has a market capitalization of $38.46 billion, a price-to-earnings ratio of 31.38 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The business has a fifty day moving average price of $95.29 and a 200-day moving average price of $105.36. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CCI shares. Barclays raised Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $104.00 in a research report on Monday, January 13th. Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Moffett Nathanson cut their price target on shares of Crown Castle from $127.00 to $105.00 in a report on Thursday. TD Cowen decreased their price objective on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Scotiabank cut their target price on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.80.

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.