Handelsbanken Fonder AB Has $23.52 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Handelsbanken Fonder AB boosted its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 204,201 shares of the real estate investment trust’s stock after acquiring an additional 2,387 shares during the period. Handelsbanken Fonder AB’s holdings in Crown Castle were worth $23,522,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co grew its holdings in Crown Castle by 108.5% during the 3rd quarter. Riverview Trust Co now owns 269 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 140 shares during the period. Valley National Advisers Inc. grew its holdings in Crown Castle by 51.1% during the 4th quarter. Valley National Advisers Inc. now owns 287 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 97 shares during the period. Operose Advisors LLC acquired a new stake in Crown Castle during the 3rd quarter worth $30,000. Rosenberg Matthew Hamilton grew its holdings in Crown Castle by 43.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 372 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 113 shares during the period. Finally, HHM Wealth Advisors LLC grew its holdings in Crown Castle by 154.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 395 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Down 0.1 %

CCI opened at $95.08 on Tuesday. The stock has a market capitalization of $41.31 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.53 and a beta of 0.73. Crown Castle Inc. has a 12 month low of $84.72 and a 12 month high of $128.27. The firm’s fifty day simple moving average is $104.62 and its 200 day simple moving average is $105.37. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 3.73.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.92). Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned $1.91 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Crown Castle Inc. will post 6.59 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.565 per share. The ex-dividend date was Thursday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.58%. Crown Castle’s dividend payout ratio (DPR) is presently 195.63%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group decreased their price target on shares of Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday. Bank of America decreased their price target on shares of Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Friday. Finally, Argus lowered shares of Crown Castle from a “buy” rating to a “hold” rating in a report on Friday. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Crown Castle presently has an average rating of “Hold” and an average target price of $113.57.

Crown Castle Company Profile

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.