Robeco Institutional Asset Management B.V. Grows Stake in Crown Castle Inc. (NYSE:CCI)

Robeco Institutional Asset Management B.V. boosted its stake in Crown Castle Inc. (NYSE:CCI) by 17.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,752 shares of the real estate investment trust’s stock after buying an additional 19,691 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Crown Castle were worth $16,104,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Crown Castle in the first quarter worth approximately $27,000. Rosenberg Matthew Hamilton grew its holdings in shares of Crown Castle by 107.9% during the third quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 136 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of Crown Castle by 159.0% during the second quarter. Asset Dedication LLC now owns 272 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 167 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Crown Castle by 163.9% in the first quarter. Beacon Capital Management LLC now owns 285 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 177 shares during the last quarter. Finally, New Millennium Group LLC purchased a new position in shares of Crown Castle in the second quarter worth about $34,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Stock Performance

Shares of CCI stock opened at $103.46 on Thursday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $44.96 billion, a P/E ratio of 36.69 and a beta of 0.86. The firm’s 50 day moving average price is $113.39 and its 200-day moving average price is $106.09. Crown Castle Inc. has a one year low of $92.48 and a one year high of $120.92.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. As a group, equities research analysts predict that Crown Castle Inc. will post 6.65 EPS for the current year.

Analysts Set New Price Targets

CCI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Crown Castle from $103.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group increased their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. TD Cowen lowered their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets lifted their price target on Crown Castle from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group upped their price objective on shares of Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Crown Castle currently has a consensus rating of “Hold” and an average price target of $116.87.

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.