Tokio Marine Asset Management Co. Ltd. Has $1.41 Million Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Crown Castle Inc. (NYSE:CCI) by 11.1% in the third quarter, HoldingsChannel reports. The fund owned 11,867 shares of the real estate investment trust’s stock after buying an additional 1,187 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Crown Castle were worth $1,408,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Crown Castle by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 56,609,569 shares of the real estate investment trust’s stock valued at $5,990,991,000 after purchasing an additional 673,243 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Crown Castle by 1.1% during the second quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock worth $603,518,000 after purchasing an additional 67,072 shares during the period. National Bank of Canada FI lifted its stake in Crown Castle by 10.7% in the second quarter. National Bank of Canada FI now owns 4,035,561 shares of the real estate investment trust’s stock valued at $387,333,000 after buying an additional 391,127 shares during the period. ClearBridge Investments Ltd increased its stake in shares of Crown Castle by 19.4% in the 1st quarter. ClearBridge Investments Ltd now owns 2,632,855 shares of the real estate investment trust’s stock valued at $278,635,000 after acquiring an additional 428,597 shares during the last quarter. Finally, Cooke & Bieler LP boosted its stake in Crown Castle by 95.8% during the 2nd quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock worth $251,962,000 after acquiring an additional 1,261,536 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

CCI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Crown Castle from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Bank of America boosted their price objective on shares of Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. BMO Capital Markets lifted their price target on Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, July 18th. Barclays upped their price objective on Crown Castle from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Citigroup set a $128.00 target price on Crown Castle in a research note on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.87.

Crown Castle Stock Up 0.1 %

CCI stock opened at $102.90 on Friday. 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. The company has a market cap of $44.72 billion, a PE ratio of 36.49 and a beta of 0.86. The business has a 50-day simple moving average of $112.51 and a 200 day simple moving average of $106.41.

Crown Castle (NYSE:CCI) last issued its 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 net margin of 18.59% and a return on equity of 20.98%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $1.77 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts anticipate that Crown Castle Inc. will post 6.66 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Friday, December 13th. Crown Castle’s dividend 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.