Robeco Institutional Asset Management B.V. Purchases 113,015 Shares of Crown Castle Inc. $CCI

Robeco Institutional Asset Management B.V. lifted its holdings in Crown Castle Inc. (NYSE:CCI) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507,296 shares of the real estate investment trust’s stock after acquiring an additional 113,015 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Crown Castle were worth $48,949,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCI. Wilmington Savings Fund Society FSB lifted its stake in shares of Crown Castle by 0.9% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 10,274 shares of the real estate investment trust’s stock valued at $1,055,000 after purchasing an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV lifted 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 worth $31,000 after buying an additional 98 shares during the last quarter. Whittier Trust Co. lifted its position in Crown Castle by 5.6% in the second quarter. Whittier Trust Co. now owns 2,046 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 109 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Crown Castle by 24.0% during the third quarter. Harbor Capital Advisors Inc. now owns 599 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 116 shares during the period. Finally, NewSquare Capital LLC increased its position in Crown Castle by 74.5% during the second quarter. NewSquare Capital LLC now owns 281 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 120 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CCI. New Street Research lowered shares of Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a report on Monday. Barclays restated an “equal weight” rating and set a $101.00 target price (down previously from $104.00) on shares of Crown Castle in a research report on Monday, December 1st. Royal Bank Of Canada set a $112.00 price target on Crown Castle and gave the stock an “outperform” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on Crown Castle from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Finally, Citigroup cut their price objective on Crown Castle from $124.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Crown Castle presently has an average rating of “Moderate Buy” and an average price target of $110.33.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $98.08, for a total transaction of $2,942,400.00. Following the transaction, the executive vice president owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. This trade represents a 31.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $85.07 on Thursday. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $115.76. The firm has a market capitalization of $37.05 billion, a price-to-earnings ratio of -8.00, a PEG ratio of 0.56 and a beta of 0.96. The stock has a 50 day moving average price of $89.46 and a 200 day moving average price of $96.46.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.84 EPS. Crown Castle’s revenue was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. Analysts forecast that Crown Castle Inc. will post 6.67 earnings per share for the current year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, December 15th. Crown Castle’s dividend payout ratio is presently -39.98%.

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.