Robeco Institutional Asset Management B.V. Sells 203,395 Shares of Crown Castle Inc. (NYSE:CCI)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 73.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,650 shares of the real estate investment trust's stock after selling 203,395 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Crown Castle were worth $7,677,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Inman Jager Wealth Management LLC increased its position in Crown Castle by 114.0% in the first quarter. Inman Jager Wealth Management LLC now owns 13,952 shares of the real estate investment trust's stock worth $1,454,000 after buying an additional 7,433 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Crown Castle by 11.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,746 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 272 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Crown Castle by 83.0% in the 1st quarter. International Assets Investment Management LLC now owns 9,064 shares of the real estate investment trust's stock worth $945,000 after acquiring an additional 4,111 shares during the last quarter. Keudell Morrison Wealth Management raised its stake in Crown Castle by 6.8% in the 1st quarter. Keudell Morrison Wealth Management now owns 6,547 shares of the real estate investment trust's stock valued at $682,000 after acquiring an additional 419 shares during the period. Finally, Consolidated Portfolio Review Corp lifted its holdings in Crown Castle by 5.3% during the first quarter. Consolidated Portfolio Review Corp now owns 11,386 shares of the real estate investment trust's stock valued at $1,187,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CCI shares. Wolfe Research upgraded shares of Crown Castle from an "underperform" rating to a "peer perform" rating in a research note on Monday, March 17th. New Street Research upgraded shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. UBS Group raised shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Friday, March 14th. Wells Fargo & Company raised Crown Castle from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $85.00 to $105.00 in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on Crown Castle from $121.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $112.71.

Insider Transactions at Crown Castle

In related news, CEO Daniel K. Schlanger sold 20,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $106.38, for a total value of $2,127,600.00. Following the transaction, the chief executive officer owned 110,571 shares of the company's stock, valued at $11,762,542.98. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.37, for a total value of $850,960.00. Following the sale, the executive vice president owned 20,528 shares in the company, valued at $2,183,563.36. The trade was a 28.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,600 shares of company stock valued at $3,362,752. Insiders own 0.10% of the company's stock.

Crown Castle Trading Down 0.6%

Shares of CCI traded down $0.59 during trading hours on Wednesday, reaching $103.13. 1,951,468 shares of the company's stock traded hands, compared to its average volume of 2,929,346. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The stock has a market cap of $44.91 billion, a PE ratio of -9.58, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The firm's 50 day simple moving average is $101.37 and its 200-day simple moving average is $96.74.

Crown Castle (NYSE:CCI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). Crown Castle had a negative net margin of 78.12% and a negative return on equity of 164.40%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, June 13th. Crown Castle's dividend payout ratio (DPR) is currently -39.50%.

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.