Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Crown Castle Inc. (NYSE:CCI – Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 926,055 shares of the real estate investment trust’s stock after selling 25,982 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Crown Castle were worth $75,298,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Crown Castle by 9.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock worth $60,086,000 after purchasing an additional 60,497 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock valued at $260,460,000 after buying an additional 511,763 shares during the last quarter. Aberdeen Group plc boosted its position in shares of Crown Castle by 13.9% during the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after buying an additional 128,212 shares during the period. Skylands Capital LLC grew its holdings in Crown Castle by 6.2% in the 4th quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock worth $23,288,000 after buying an additional 15,300 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Crown Castle by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock worth $489,370,000 after buying an additional 54,078 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on CCI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. BMO Capital Markets lifted their price objective on shares of Crown Castle from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Barclays raised their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Scotiabank dropped their price target on shares of Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group upped their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.
Crown Castle Trading Up 3.8%
Shares of NYSE CCI traded up $2.95 during midday trading on Friday, reaching $79.63. The company’s stock had a trading volume of 5,364,182 shares, compared to its average volume of 4,317,920. Crown Castle Inc. has a one year low of $73.75 and a one year high of $115.76. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95. The company has a 50 day moving average price of $86.73 and a 200 day moving average price of $86.47.
Crown Castle (NYSE:CCI – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Research analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current fiscal year.
Crown Castle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $1.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.3%. Crown Castle’s dividend payout ratio (DPR) is currently 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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