Crown Castle Inc. (NYSE:CCI) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,243,722 shares of the real estate investment trust's stock after acquiring an additional 282,821 shares during the quarter. Nordea Investment Management AB owned about 0.29% of Crown Castle worth $113,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCI. Catalyst Capital Advisors LLC acquired a new position in shares of Crown Castle during the third quarter worth $25,000. Rosenberg Matthew Hamilton raised its stake in Crown Castle by 107.9% in the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 136 shares during the last quarter. Asset Dedication LLC boosted its holdings in Crown Castle by 159.0% in the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 167 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Crown Castle in the third quarter worth about $47,000. Finally, Quest Partners LLC grew its stake in shares of Crown Castle by 3,672.7% during the second quarter. Quest Partners LLC now owns 415 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

CCI has been the topic of several research analyst reports. Barclays boosted their target price on shares of Crown Castle from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their target price on Crown Castle from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Royal Bank of Canada boosted their price target on Crown Castle from $104.00 to $109.00 and gave the company a "sector perform" rating in a research note on Monday, October 28th. UBS Group raised their price objective on Crown Castle from $103.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, TD Cowen dropped their target price on Crown Castle from $127.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Crown Castle has a consensus rating of "Hold" and an average price target of $113.93.

Crown Castle Stock Performance

CCI stock traded down $1.02 during midday trading on Tuesday, hitting $87.52. 2,891,667 shares of the stock traded hands, compared to its average volume of 2,472,923. The stock's fifty day simple moving average is $99.72 and its 200-day simple moving average is $106.18. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. Crown Castle Inc. has a 1-year low of $87.26 and a 1-year high of $120.92. The firm has a market cap of $38.04 billion, a P/E ratio of 31.04 and a beta of 0.87.

Crown Castle (NYSE:CCI - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($1.03). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. On average, analysts expect that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle's payout ratio is 221.99%.

Crown Castle 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.