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

Robeco Institutional Asset Management B.V. increased 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 and Exchange Commission. The fund owned 277,045 shares of the real estate investment trust’s stock after buying an additional 141,293 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Crown Castle were worth $25,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB grew its holdings in Crown Castle by 29.4% during the 4th quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock worth $113,465,000 after acquiring an additional 282,821 shares in the last quarter. Van ECK Associates Corp lifted its position 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 worth $17,476,000 after purchasing an additional 31,319 shares during the last quarter. Oak Thistle LLC acquired a new position in Crown Castle in the fourth quarter worth about $1,231,000. Avanza Fonder AB bought a new stake in Crown Castle in the fourth quarter valued at about $3,083,000. Finally, Fisher Asset Management LLC raised its stake in Crown Castle by 4.2% during the third 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 buying an additional 203,442 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 1.3 %

NYSE:CCI opened at $88.99 on Friday. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The business has a fifty day moving average of $94.42 and a 200-day moving average of $105.12. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 31.56 and a beta of 0.87.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.03%. Crown Castle’s payout ratio is 221.99%.

Analyst Ratings Changes

CCI has been the subject of several research reports. Moffett Nathanson lowered their price target on Crown Castle from $127.00 to $105.00 in a report on Thursday, January 23rd. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $117.00 to $104.00 in a research note on Monday, January 13th. UBS Group raised their price target on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.13.

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.