Robeco Institutional Asset Management B.V. Buys 320,631 Shares of Crown Castle Inc. $CCI

Robeco Institutional Asset Management B.V. boosted its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 435.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,281 shares of the real estate investment trust's stock after acquiring an additional 320,631 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Crown Castle worth $40,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Iron Horse Wealth Management LLC acquired a new position in Crown Castle in the first quarter valued at about $26,000. Centerpoint Advisors LLC bought a new position in shares of Crown Castle in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Crown Castle in the 1st quarter worth approximately $26,000. Stone House Investment Management LLC bought a new stake in Crown Castle during the 1st quarter worth approximately $27,000. Finally, Rise Advisors LLC bought a new stake in Crown Castle during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Crown Castle Trading Up 0.1%

Shares of NYSE:CCI opened at $95.57 on Friday. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $115.89. The stock has a market capitalization of $41.62 billion, a P/E ratio of -8.96, a P/E/G ratio of 0.73 and a beta of 0.95. The business has a 50-day moving average price of $99.36 and a two-hundred day moving average price of $101.14.

Crown Castle (NYSE:CCI - Get Free Report) last issued its 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. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.4%. Crown Castle's dividend payout ratio is -39.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Crown Castle from $124.00 to $127.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Crown Castle in a report on Saturday, September 27th. Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. KeyCorp lowered their price objective on shares of Crown Castle from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Crown Castle from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.76.

Crown Castle Company 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.

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