Forsta AP Fonden Has $13.47 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Forsta AP Fonden increased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,400 shares of the real estate investment trust's stock after purchasing an additional 9,800 shares during the period. Forsta AP Fonden's holdings in Crown Castle were worth $13,469,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CCI. Pinnacle Bancorp Inc. boosted its position in Crown Castle by 13.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 783 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 90 shares during the period. True North Advisors LLC lifted its position in Crown Castle by 4.2% during the 3rd quarter. True North Advisors LLC now owns 2,345 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 95 shares in the last quarter. Malaga Cove Capital LLC boosted its holdings in Crown Castle by 1.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,546 shares of the real estate investment trust's stock worth $658,000 after acquiring an additional 100 shares during the period. Tsfg LLC grew its position in Crown Castle by 27.5% in the third quarter. Tsfg LLC now owns 542 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 117 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Crown Castle by 1.8% during the third quarter. Bleakley Financial Group LLC now owns 6,554 shares of the real estate investment trust's stock valued at $777,000 after purchasing an additional 117 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of NYSE:CCI traded up $1.00 during trading on Thursday, reaching $88.89. The company had a trading volume of 440,189 shares, compared to its average volume of 3,043,894. The firm's fifty day moving average is $94.42 and its 200 day moving average is $105.12. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $38.63 billion, a PE ratio of 31.55 and a beta of 0.87. Crown Castle Inc. has a twelve month low of $84.20 and a twelve month high of $120.92.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $1.565 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a yield of 7.04%. Crown Castle's dividend payout ratio (DPR) is 221.99%.

Analyst Upgrades and Downgrades

CCI has been the subject of a number of analyst reports. Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of Crown Castle from $104.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Monday, October 28th. TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group downgraded shares of Crown Castle from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Crown Castle from $116.00 to $96.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $110.13.

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.