Canada Pension Plan Investment Board Makes New $172.93 Million Investment in Crown Castle Inc. $CCI

Canada Pension Plan Investment Board bought a new stake in Crown Castle Inc. (NYSE:CCIFree Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,283,447 shares of the real estate investment trust’s stock, valued at approximately $172,925,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Binnacle Investments Inc grew its position in shares of Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 127 shares during the last quarter. Front Row Advisors LLC lifted its position in Crown Castle by 1.4% in the 1st quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 130 shares during the last quarter. Hilton Head Capital Partners LLC lifted its position in Crown Castle by 55.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 134 shares during the last quarter. CENTRAL TRUST Co lifted its position in Crown Castle by 10.2% in the 1st quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 138 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in Crown Castle by 3.9% during the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Stock Down 0.9%

CCI stock opened at $75.62 on Thursday. The company has a 50-day simple moving average of $77.17 and a 200 day simple moving average of $83.96. The company has a market capitalization of $32.17 billion, a P/E ratio of 38.39, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $102.19.

Crown Castle (NYSE:CCIGet Free Report) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.17). Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same period in the previous year, the business posted $0.67 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Equities analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current year.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio (DPR) is 215.74%.

Analyst Ratings Changes

Several research firms have commented on CCI. Wall Street Zen upgraded shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets cut their price target on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Barclays boosted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Truist Financial decreased their price objective on Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group began coverage on Crown Castle in a research report on Friday, June 26th. They issued a “neutral” rating and a $95.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.13.

View Our Latest Stock Report on Crown Castle

Insider Activity at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president owned 5,113 shares in the company, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

About Crown Castle

(Free Report)

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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Institutional Ownership by Quarter for Crown Castle (NYSE:CCI)

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