Partners Group Holding AG Has $24.38 Million Stock Holdings in Crown Castle Inc. $CCI

Partners Group Holding AG decreased its holdings in Crown Castle Inc. (NYSE:CCI) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 252,671 shares of the real estate investment trust’s stock after selling 27,258 shares during the period. Crown Castle makes up about 1.4% of Partners Group Holding AG’s portfolio, making the stock its 25th biggest position. Partners Group Holding AG’s holdings in Crown Castle were worth $24,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creative Financial Designs Inc. ADV grew its position in Crown Castle by 47.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 303 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 98 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Crown Castle by 24.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 116 shares during the last quarter. NewSquare Capital LLC increased its position in Crown Castle by 74.5% during the 2nd quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares in the last quarter. Golden State Equity Partners lifted its stake in Crown Castle by 2.8% in the 3rd quarter. Golden State Equity Partners now owns 4,567 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 123 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in Crown Castle by 6.3% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,103 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 125 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of research reports. HSBC dropped their price target on Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on Crown Castle from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Wells Fargo & Company reduced their price target on Crown Castle from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. The Goldman Sachs Group dropped their price objective on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, KeyCorp reduced their target price on shares of Crown Castle from $115.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.02.

Crown Castle Stock Down 2.9%

Shares of NYSE CCI opened at $86.03 on Thursday. The firm has a market cap of $37.52 billion, a PE ratio of 85.18, a P/E/G ratio of 0.45 and a beta of 0.96. The company’s fifty day simple moving average is $86.99 and its 200 day simple moving average is $91.99. Crown Castle Inc. has a 12-month low of $77.01 and a 12-month high of $115.76.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $1.0625 dividend. The ex-dividend date is Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. Crown Castle’s dividend payout ratio (DPR) is currently 420.79%.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.