Crown Castle Inc. (NYSE:CCI) Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB increased its position in shares of Crown Castle Inc. (NYSE:CCI) by 69.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 282,567 shares of the real estate investment trust’s stock after purchasing an additional 115,645 shares during the quarter. AMF Tjanstepension AB owned 0.07% of Crown Castle worth $25,679,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle in the third quarter worth $25,000. FNY Investment Advisers LLC raised its holdings in shares of Crown Castle by 300.0% in the fourth 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 acquired a new position in shares of Crown Castle in the fourth quarter worth $37,000. Harbor Capital Advisors Inc. acquired a new position in shares of Crown Castle in the third quarter worth $47,000. Finally, Investors Research Corp raised its holdings in shares of Crown Castle by 57.2% in the third 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 and hedge funds.

Crown Castle Trading Up 2.7 %

NYSE:CCI opened at $97.78 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business’s 50-day simple moving average is $90.22 and its 200 day simple moving average is $101.94. The stock has a market cap of $42.49 billion, a price-to-earnings ratio of 34.67 and a beta of 0.89.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is 221.99%.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of analyst reports. Citizens Jmp raised Crown Castle to a “strong-buy” rating in a report on Monday, January 27th. Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Scotiabank lowered their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.75.

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.