Swiss National Bank Has $153 Million Position in Crown Castle Inc. (NYSE:CCI)

Swiss National Bank boosted its holdings in Crown Castle Inc. (NYSE:CCI) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 1,289,700 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the period. Swiss National Bank’s holdings in Crown Castle were worth $152,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its stake 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 buying an additional 2,464,094 shares during the last quarter. Bank of Montreal Can raised its holdings in Crown Castle by 191.7% in the 2nd quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust’s stock valued at $195,183,000 after acquiring an additional 1,335,644 shares during the period. Cooke & Bieler LP lifted its position in Crown Castle by 95.8% during 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 during the last quarter. Capital International Investors lifted its position in Crown Castle by 68,262.1% during the first quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust’s stock worth $131,239,000 after acquiring an additional 1,238,274 shares during the last quarter. Finally, International Assets Investment Management LLC boosted 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 worth $115,449,000 after acquiring an additional 965,907 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Trading Up 0.9 %

CCI opened at $103.80 on Monday. Crown Castle Inc. has a twelve month low of $92.48 and a twelve month high of $120.92. The company has a 50-day simple moving average of $112.05 and a 200 day simple moving average of $106.61. 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 stock has a market capitalization of $45.11 billion, a price-to-earnings ratio of 36.81 and a beta of 0.86.

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

Crown Castle Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their price objective on Crown Castle from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Bank of America upped their price target on shares of Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. TD Cowen lowered their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $116.87.

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.