Mizuho Markets Americas LLC Has $100.84 Million Position in Crown Castle Inc. (NYSE:CCI)

Mizuho Markets Americas LLC increased its stake in shares of Crown Castle Inc. (NYSE:CCI) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,000 shares of the real estate investment trust’s stock after acquiring an additional 350,000 shares during the quarter. Crown Castle makes up about 2.1% of Mizuho Markets Americas LLC’s portfolio, making the stock its 13th largest position. Mizuho Markets Americas LLC’s holdings in Crown Castle were worth $100,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Crown Castle by 4,097.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,524,226 shares of the real estate investment trust’s stock worth $246,617,000 after purchasing an additional 2,464,094 shares in the last quarter. Bank of Montreal Can raised its stake in Crown Castle by 191.7% during the 2nd quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust’s stock worth $195,183,000 after buying an additional 1,335,644 shares during the period. Cooke & Bieler LP boosted its holdings in Crown Castle by 95.8% in the second quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock worth $251,962,000 after acquiring an additional 1,261,536 shares in the last quarter. Capital International Investors grew its stake in Crown Castle by 68,262.1% in the first quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust’s stock valued at $131,239,000 after acquiring an additional 1,238,274 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Crown Castle by 13,271.6% during the third quarter. International Assets Investment Management LLC now owns 973,185 shares of the real estate investment trust’s stock valued at $115,449,000 after acquiring an additional 965,907 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCI. Wells Fargo & Company increased their target price on Crown Castle from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Bank of America upped their target price on shares of Crown Castle from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. TD Cowen cut their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Crown Castle has a consensus rating of “Hold” and a consensus price target of $116.87.

Crown Castle Trading Up 0.9 %

Shares of Crown Castle stock opened at $103.80 on Friday. The stock has a fifty day moving average price of $112.05 and a 200-day moving average price of $106.44. 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 firm has a market cap of $45.11 billion, a PE ratio of 36.81 and a beta of 0.86. Crown Castle Inc. has a 1 year low of $92.48 and a 1 year high of $120.92.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS. Equities research analysts anticipate that Crown Castle Inc. will post 6.66 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend payout ratio is currently 221.99%.

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.