Dimensional Fund Advisors LP Has $596.88 Million Stock Holdings in Crown Castle Inc. $CCI

Dimensional Fund Advisors LP grew its stake in shares of Crown Castle Inc. (NYSE:CCI) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,185,915 shares of the real estate investment trust’s stock after purchasing an additional 177,896 shares during the period. Dimensional Fund Advisors LP owned approximately 1.42% of Crown Castle worth $596,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Crown Castle during the 2nd quarter worth approximately $629,431,000. Lazard Asset Management LLC increased its holdings in shares of Crown Castle by 3,051.5% during the second quarter. Lazard Asset Management LLC now owns 5,472,810 shares of the real estate investment trust’s stock valued at $562,221,000 after acquiring an additional 5,299,155 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Crown Castle during the third quarter worth approximately $121,726,000. JPMorgan Chase & Co. lifted its holdings in shares of Crown Castle by 33.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,657,030 shares of the real estate investment trust’s stock worth $375,697,000 after purchasing an additional 926,721 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Crown Castle by 15,241.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 757,891 shares of the real estate investment trust’s stock worth $77,858,000 after purchasing an additional 752,951 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Crown Castle Trading Up 0.9%

Shares of Crown Castle stock opened at $90.35 on Wednesday. The business’s fifty day simple moving average is $87.17 and its 200 day simple moving average is $91.54. The firm has a market capitalization of $39.40 billion, a P/E ratio of 89.46, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. Crown Castle Inc. has a 12 month low of $77.01 and a 12 month high of $115.76.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, March 13th. Crown Castle’s dividend payout ratio (DPR) is 420.79%.

Wall Street Analyst Weigh In

CCI has been the topic of several research reports. Royal Bank Of Canada lowered their price objective on shares of Crown Castle from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. KeyCorp lowered their target price on shares of Crown Castle from $115.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Barclays dropped their price target on shares of Crown Castle from $101.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th. Raymond James Financial decreased their price objective on Crown Castle from $120.00 to $106.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. Finally, Citigroup dropped their target price on Crown Castle from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.02.

Insider Activity

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

Crown Castle Profile

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.