Skandinaviska Enskilda Banken AB publ Sells 326 Shares of Crown Castle Inc. (NYSE:CCI)

Skandinaviska Enskilda Banken AB publ lessened its holdings in Crown Castle Inc. (NYSE:CCI) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,180 shares of the real estate investment trust’s stock after selling 326 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Crown Castle were worth $8,007,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in Crown Castle during the third quarter worth $522,000. Prime Capital Investment Advisors LLC increased its holdings in Crown Castle by 10.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 7,419 shares of the real estate investment trust’s stock worth $880,000 after buying an additional 673 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Crown Castle by 9.3% during the third quarter. Aptus Capital Advisors LLC now owns 3,960 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 336 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Crown Castle by 1.8% during the third quarter. Oppenheimer & Co. Inc. now owns 28,657 shares of the real estate investment trust’s stock worth $3,400,000 after buying an additional 499 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Crown Castle by 8.0% in the third quarter. CIBC Asset Management Inc now owns 64,047 shares of the real estate investment trust’s stock valued at $7,598,000 after purchasing an additional 4,737 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE:CCI opened at $103.20 on Friday. The company has a market capitalization of $44.85 billion, a PE ratio of 36.59 and a beta of 0.89. The company has a 50 day simple moving average of $91.00 and a two-hundred day simple moving average of $101.40. 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 fifty-two week low of $84.20 and a fifty-two week high of $120.92.

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 given a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th. Crown Castle’s payout ratio is currently 221.99%.

Analyst Upgrades and Downgrades

Several research firms have commented on CCI. JMP Securities began coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price objective on the stock. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and decreased their price objective for the company from $127.00 to $84.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Citigroup upped their price target on shares of Crown Castle from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Friday. Finally, Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.12.

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.