Crown Castle Inc. (NYSE:CCI) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in Crown Castle Inc. (NYSE:CCI) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,867 shares of the real estate investment trust’s stock after acquiring an additional 1,187 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Crown Castle were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in Crown Castle by 4,097.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,524,226 shares of the real estate investment trust’s stock worth $246,617,000 after purchasing an additional 2,464,094 shares in the last quarter. M&G Plc purchased a new position in Crown Castle during the 1st quarter worth approximately $221,573,000. Bank of Montreal Can raised its stake in Crown Castle by 191.7% during the 2nd quarter. Bank of Montreal Can now owns 2,032,521 shares of the real estate investment trust’s stock valued at $195,183,000 after purchasing an additional 1,335,644 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Crown Castle by 95.8% in the second quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock valued at $251,962,000 after purchasing an additional 1,261,536 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Crown Castle by 68,262.1% in the first quarter. Capital International Investors now owns 1,240,088 shares of the real estate investment trust’s stock worth $131,239,000 after buying an additional 1,238,274 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CCI. BMO Capital Markets upped their price target on Crown Castle from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, July 18th. Citigroup set a $128.00 price target on shares of Crown Castle in a research report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of Crown Castle from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their target price on shares of Crown Castle from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Crown Castle from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.87.

Crown Castle Stock Up 0.1 %

Shares of CCI opened at $102.90 on Friday. Crown Castle Inc. has a 52 week low of $92.48 and a 52 week high of $120.92. The firm has a market capitalization of $44.72 billion, a P/E ratio of 36.49 and a beta of 0.86. The company has a 50-day simple moving average of $112.51 and a 200-day simple moving average of $106.41. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle (NYSE:CCI) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.03). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. Crown Castle’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. On average, equities research analysts expect that Crown Castle Inc. will post 6.66 earnings per share for the current year.

Crown Castle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $1.565 per share. The ex-dividend date is Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a yield of 6.08%. Crown Castle’s dividend payout ratio is 221.99%.

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.