Robeco Institutional Asset Management B.V. Grows Position in Crown Castle Inc. (NYSE:CCI)

Robeco Institutional Asset Management B.V. raised its stake in Crown Castle Inc. (NYSE:CCI) by 104.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 277,045 shares of the real estate investment trust’s stock after acquiring an additional 141,293 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Crown Castle worth $25,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCI. Nordea Investment Management AB lifted its holdings in Crown Castle by 29.4% in the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after purchasing an additional 282,821 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Crown Castle by 24.7% during the third quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after buying an additional 31,319 shares during the period. Oak Thistle LLC acquired a new stake in Crown Castle during the fourth quarter worth approximately $1,231,000. Avanza Fonder AB purchased a new stake in Crown Castle in the 4th quarter worth approximately $3,083,000. Finally, Fisher Asset Management LLC raised its holdings in Crown Castle by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after acquiring an additional 203,442 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCI. Moffett Nathanson lowered their price objective on Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. JMP Securities began coverage on Crown Castle in a report on Monday. They issued an “outperform” rating and a $115.00 price target for the company. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price objective for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. Citizens Jmp upgraded shares of Crown Castle to a “strong-buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $110.13.

Crown Castle Price Performance

CCI stock opened at $88.99 on Friday. The stock has a 50-day simple moving average of $94.42 and a 200-day simple moving average of $105.12. The firm has a market cap of $38.67 billion, a P/E ratio of 31.56 and a beta of 0.87. 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 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 7.03%. Crown Castle’s payout ratio is currently 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.