KBC Group NV Has $34.10 Million Holdings in Crown Castle Inc. (NYSE:CCI)

KBC Group NV trimmed its position in shares of Crown Castle Inc. (NYSE:CCI) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,746 shares of the real estate investment trust’s stock after selling 1,764 shares during the quarter. KBC Group NV owned approximately 0.09% of Crown Castle worth $34,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CCI. Nordea Investment Management AB lifted its stake in Crown Castle by 29.4% in the fourth quarter. Nordea Investment Management AB now owns 1,243,722 shares of the real estate investment trust’s stock valued at $113,465,000 after acquiring an additional 282,821 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Crown Castle by 24.7% in the 3rd quarter. Van ECK Associates Corp now owns 157,895 shares of the real estate investment trust’s stock valued at $17,476,000 after purchasing an additional 31,319 shares during the last quarter. Oak Thistle LLC bought a new stake in Crown Castle in the fourth quarter worth $1,231,000. Avanza Fonder AB acquired a new position in Crown Castle during the fourth quarter worth $3,083,000. Finally, Fisher Asset Management LLC raised its holdings in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after buying an additional 203,442 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

CCI has been the subject of several recent analyst reports. Citigroup set a $128.00 price target on Crown Castle in a research note on Thursday, October 17th. TD Cowen lowered their price target on Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Moffett Nathanson reduced their price objective on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. UBS Group upped their price objective on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company dropped their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.13.

Crown Castle Price Performance

Shares of CCI stock opened at $92.33 on Tuesday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a market capitalization of $40.13 billion, a P/E ratio of 32.74 and a beta of 0.87. The stock has a 50 day moving average of $95.29 and a two-hundred day moving average of $105.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a yield of 6.78%. Crown Castle’s dividend payout ratio is currently 221.99%.

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.