Robeco Institutional Asset Management B.V. Has $61.56 Million Holdings in Crown Castle Inc. $CCI

Key Points

• Robeco Institutional Asset Management raised its stake in Crown Castle by 36.5% in Q4 to 692,656 shares, valued at about $61.56 million (≈0.16% of the company).
• Crown Castle pays a quarterly dividend of $1.0625 (annualized $4.25) for a 4.9% yield420.79%, signaling potential sustainability concerns.
• Institutional investors own 90.77% of CCI, and analysts have a consensus rating of "Moderate Buy" with a $98.13 price target amid several recent price cuts and mixed ratings.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 692,656 shares of the real estate investment trust's stock after buying an additional 185,360 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of Crown Castle worth $61,556,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CCI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Crown Castle by 591.8% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust's stock valued at $431,418,000 after purchasing an additional 3,824,778 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Crown Castle by 33.2% in the 3rd quarter. Invesco Ltd. now owns 6,437,685 shares of the real estate investment trust's stock worth $621,172,000 after purchasing an additional 1,605,291 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Crown Castle in the third quarter valued at $121,726,000. Daiwa Securities Group Inc. increased its stake in shares of Crown Castle by 42.3% in the third quarter. Daiwa Securities Group Inc. now owns 3,931,258 shares of the real estate investment trust's stock valued at $379,327,000 after buying an additional 1,168,132 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Crown Castle by 237.0% in the third quarter. Man Group plc now owns 1,601,500 shares of the real estate investment trust's stock valued at $154,529,000 after buying an additional 1,126,221 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Trading Up 0.0%

CCI opened at $86.31 on Monday. The stock's fifty day simple moving average is $85.67 and its 200 day simple moving average is $89.08. Crown Castle Inc. has a 1-year low of $75.96 and a 1-year high of $115.76. The stock has a market cap of $37.66 billion, a PE ratio of 85.45, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94.

Crown Castle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle's dividend payout ratio is currently 420.79%.

Analysts Set New Price Targets

A number of analysts recently commented on CCI shares. Royal Bank Of Canada lowered their price objective on Crown Castle from $112.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, January 12th. Raymond James Financial reduced their target price on Crown Castle from $120.00 to $106.00 and set a "strong-buy" rating on the stock in a report on Friday, January 23rd. Scotiabank cut their price objective on Crown Castle from $94.00 to $91.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 7th. New Street Research cut Crown Castle from a "buy" rating to a "neutral" rating and set a $93.00 target price on the stock. in a research note on Monday, January 5th. Finally, Citigroup dropped their price objective on Crown Castle from $110.00 to $106.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.13.

Insiders Place Their Bets

In other Crown Castle news, VP Robert Sean Collins sold 3,000 shares of the company's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president directly owned 5,800 shares of the company's stock, valued at $507,442. This represents a 34.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total value of $401,481.00. Following the sale, the executive vice president directly owned 25,183 shares in the company, valued at approximately $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company's stock.

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.

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