Crown Castle (NYSE:CCI) Price Target Raised to $113.00 at Barclays

Crown Castle (NYSE:CCI) had its price objective increased by Barclays from $104.00 to $113.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Moffett Nathanson dropped their target price on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. KeyCorp upgraded shares of Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Friday. Citigroup boosted their target price on shares of Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group upgraded shares of Crown Castle from a “neutral” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Crown Castle presently has an average rating of “Moderate Buy” and a consensus price target of $110.29.

Crown Castle Price Performance

Shares of Crown Castle stock opened at $102.91 on Monday. Crown Castle has a twelve month low of $84.20 and a twelve month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The company has a 50-day simple moving average of $91.29 and a two-hundred day simple moving average of $101.26. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 36.49 and a beta of 0.89.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, March 14th. Crown Castle’s payout ratio is -69.71%.

Institutional Investors Weigh In On Crown Castle

Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new stake in Crown Castle during the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC grew its holdings in 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 acquiring an additional 300 shares during the last quarter. Roxbury Financial LLC bought a new stake in Crown Castle during the 4th quarter worth approximately $37,000. Vermillion Wealth Management Inc. bought a new stake in Crown Castle during the 4th quarter worth approximately $38,000. Finally, Investors Research Corp grew its holdings in 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 acquiring an additional 154 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

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.