Inceptionr LLC boosted its holdings in Crown Castle Inc. (NYSE:CCI – Free Report) by 189.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,799 shares of the real estate investment trust’s stock after purchasing an additional 10,989 shares during the period. Inceptionr LLC’s holdings in Crown Castle were worth $1,493,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Crown Castle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after buying an additional 386,733 shares during the last quarter. State Street Corp lifted its holdings in Crown Castle by 1.2% during the 3rd quarter. State Street Corp now owns 21,728,541 shares of the real estate investment trust’s stock worth $2,096,587,000 after buying an additional 266,963 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Crown Castle by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock worth $1,156,972,000 after buying an additional 184,533 shares during the last quarter. Deutsche Bank AG lifted its holdings in Crown Castle by 40.5% during the 4th quarter. Deutsche Bank AG now owns 7,159,803 shares of the real estate investment trust’s stock worth $636,292,000 after buying an additional 2,065,247 shares during the last quarter. Finally, Norges Bank bought a new position in Crown Castle during the 4th quarter worth approximately $594,670,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CCI. KeyCorp increased their target price on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Truist Financial began coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. BMO Capital Markets increased their target price on Crown Castle from $91.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.
Crown Castle Trading Up 1.0%
Shares of NYSE CCI opened at $93.52 on Thursday. The company has a market cap of $40.82 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. Crown Castle Inc. has a 12-month low of $75.96 and a 12-month high of $115.76. The stock’s 50 day simple moving average is $88.58 and its 200 day simple moving average is $87.68.
Crown Castle (NYSE:CCI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. As a group, equities analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.
Crown Castle Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.
Crown Castle Company 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.
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