Generali Investments Management Co LLC Acquires Shares of 20,839 Crown Castle Inc. (NYSE:CCI)

Generali Investments Management Co LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 20,839 shares of the real estate investment trust’s stock, valued at approximately $1,891,000.

Other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in shares of Crown Castle during the 4th quarter worth $25,000. FNY Investment Advisers LLC grew its stake in shares of Crown Castle by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 400 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 300 shares during the period. Roxbury Financial LLC acquired a new position in shares of Crown Castle during the 4th quarter worth $37,000. Investors Research Corp grew its stake in shares of Crown Castle by 57.2% during the 3rd quarter. Investors Research Corp now owns 423 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 154 shares during the period. Finally, Marshall Investment Management LLC acquired a new position in shares of Crown Castle during the 4th quarter worth $50,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Crown Castle Price Performance

NYSE:CCI opened at $104.90 on Wednesday. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 37.20 and a beta of 0.89. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The company’s 50-day moving average is $91.64 and its two-hundred day moving average is $101.21. Crown Castle Inc. has a 12-month low of $84.20 and a 12-month high of $120.92.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date is Friday, March 14th. Crown Castle’s dividend payout ratio is currently -69.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Crown Castle from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. Barclays boosted their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wolfe Research upgraded shares of Crown Castle from an “underperform” rating to a “peer perform” rating in a research report on Monday. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.29.

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.