Robeco Institutional Asset Management B.V. Has $40.50 Million Position in Crown Castle Inc. $CCI

Robeco Institutional Asset Management B.V. lifted its position in Crown Castle Inc. (NYSE:CCI) by 435.3% during the second quarter, HoldingsChannel.com reports. The fund owned 394,281 shares of the real estate investment trust’s stock after purchasing an additional 320,631 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Crown Castle were worth $40,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCI. Vanguard Group Inc. raised its stake in Crown Castle by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock worth $7,175,256,000 after buying an additional 6,341,150 shares during the period. Wellington Management Group LLP increased its stake in Crown Castle by 2.6% during the 1st quarter. Wellington Management Group LLP now owns 21,387,895 shares of the real estate investment trust’s stock worth $2,229,260,000 after purchasing an additional 538,049 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Crown Castle by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,992,402 shares of the real estate investment trust’s stock worth $624,584,000 after purchasing an additional 72,511 shares in the last quarter. Deutsche Bank AG raised its holdings in Crown Castle by 60.9% during the 1st quarter. Deutsche Bank AG now owns 5,472,921 shares of the real estate investment trust’s stock worth $570,443,000 after buying an additional 2,072,198 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Crown Castle by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,212,165 shares of the real estate investment trust’s stock valued at $543,264,000 after buying an additional 90,371 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Trading Up 0.1%

Shares of NYSE CCI opened at $95.57 on Friday. The firm has a market cap of $41.62 billion, a P/E ratio of -8.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.95. The business’s 50 day moving average is $99.36 and its 200-day moving average is $101.14. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.89.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted $1.62 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. Analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Crown Castle’s dividend payout ratio (DPR) is currently -39.83%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCI. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Scotiabank increased their target price on Crown Castle from $109.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Wolfe Research upgraded Crown Castle from a “peer perform” rating to an “outperform” rating and set a $114.00 price target on the stock in a report on Monday, September 22nd. JMP Securities reiterated a “market outperform” rating and set a $125.00 price objective on shares of Crown Castle in a report on Thursday, July 24th. Finally, Wells Fargo & Company upgraded Crown Castle from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $105.00 to $125.00 in a research note on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Crown Castle currently has an average rating of “Moderate Buy” and an average price target of $115.76.

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.