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

Robeco Institutional Asset Management B.V. lifted its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,752 shares of the real estate investment trust's stock after buying an additional 19,691 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Crown Castle were worth $16,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CCI. EntryPoint Capital LLC purchased a new stake in Crown Castle in the 1st quarter valued at about $27,000. Asset Dedication LLC lifted its holdings in 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 acquiring an additional 167 shares during the period. Beacon Capital Management LLC boosted its position in 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 worth $30,000 after purchasing an additional 177 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Crown Castle by 107.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 262 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 136 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of Crown Castle during the 2nd quarter valued at $34,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Crown Castle Trading Up 0.8 %

Shares of Crown Castle stock traded up $0.82 during trading on Thursday, reaching $104.29. The company's stock had a trading volume of 1,405,489 shares, compared to its average volume of 2,614,374. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 36.95 and a beta of 0.86. The firm's 50-day moving average is $113.39 and its two-hundred day moving average is $106.09. Crown Castle Inc. has a 52-week low of $92.48 and a 52-week high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The company's revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Crown Castle Inc. will post 6.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCI has been the subject of several research reports. Barclays increased their price target on shares of Crown Castle from $116.00 to $117.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Bank of America raised their price target on shares of Crown Castle from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. BMO Capital Markets upped their price objective on Crown Castle from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, July 18th. TD Cowen decreased their target price on Crown Castle from $127.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upped their price target on Crown Castle from $100.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $116.87.

About Crown Castle

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.