Caden Capital Partners LP Has $44.56 Million Position in Crown Castle Inc. (NYSE:CCI)

Caden Capital Partners LP boosted its position in Crown Castle Inc. (NYSE:CCI) by 19.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 490,987 shares of the real estate investment trust’s stock after buying an additional 80,431 shares during the quarter. Crown Castle comprises approximately 13.6% of Caden Capital Partners LP’s investment portfolio, making the stock its 4th largest position. Caden Capital Partners LP’s holdings in Crown Castle were worth $44,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Accurate Wealth Management LLC lifted its stake in shares of Crown Castle by 5.4% in the fourth quarter. Accurate Wealth Management LLC now owns 2,429 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 124 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Crown Castle by 12.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,137 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 126 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Crown Castle by 5.9% in the fourth quarter. IFP Advisors Inc now owns 2,373 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 133 shares in the last quarter. Howard Capital Management Inc. lifted its position in Crown Castle by 1.2% during the fourth quarter. Howard Capital Management Inc. now owns 11,475 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 135 shares during the period. Finally, Cidel Asset Management Inc. lifted its position in Crown Castle by 6.4% during the fourth quarter. Cidel Asset Management Inc. now owns 2,285 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 137 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $100.18 on Monday. The firm has a fifty day moving average price of $99.02 and a 200-day moving average price of $98.25. 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 stock has a market cap of $43.62 billion, a PE ratio of 35.52 and a beta of 0.93. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.25%. Crown Castle’s dividend payout ratio (DPR) is presently -69.71%.

Analysts Set New Price Targets

CCI has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Crown Castle from an “underperform” rating to a “peer perform” rating in a research report on Monday, March 17th. Argus upgraded shares of Crown Castle to a “hold” rating in a research report on Friday, March 21st. Barclays increased their price objective on shares of Crown Castle from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Friday, March 14th. Finally, JMP Securities initiated coverage on shares of Crown Castle in a research report on Monday, January 27th. They set an “outperform” rating and a $115.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.47.

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.