Partners Group Holding AG Reduces Position in Crown Castle Inc. (NYSE:CCI)

Partners Group Holding AG decreased its position in Crown Castle Inc. (NYSE:CCI) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,478 shares of the real estate investment trust’s stock after selling 19,763 shares during the period. Crown Castle makes up about 2.8% of Partners Group Holding AG’s portfolio, making the stock its 15th biggest holding. Partners Group Holding AG owned about 0.08% of Crown Castle worth $41,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCI. Catalyst Capital Advisors LLC acquired a new stake in shares of Crown Castle during the third quarter worth about $25,000. EntryPoint Capital LLC acquired a new stake in Crown Castle during the 1st quarter valued at approximately $27,000. Asset Dedication LLC boosted its holdings in shares of Crown Castle by 159.0% in the 2nd quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 177 shares during the period. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CCI shares. Barclays upped their target price on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company lifted their target price on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Crown Castle from $104.00 to $109.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Finally, Citigroup set a $128.00 price objective on shares of Crown Castle in a research report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has an average rating of “Hold” and a consensus target price of $116.87.

Crown Castle Trading Up 0.6 %

Shares of CCI opened at $106.08 on Tuesday. The firm’s fifty day moving average is $110.32 and its two-hundred day moving average is $106.94. The stock has a market cap of $46.10 billion, a PE ratio of 37.62 and a beta of 0.86. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle Inc. has a 52-week low of $92.48 and a 52-week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.03). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. Research analysts forecast that Crown Castle Inc. will post 6.66 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $1.565 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.26 annualized dividend and a dividend yield of 5.90%. Crown Castle’s dividend payout ratio is presently 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.