Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Crown Castle Inc. (NYSE:CCI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,178 shares of the real estate investment trust’s stock, valued at approximately $847,000.
A number of other hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Crown Castle during the third quarter valued at approximately $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the 3rd quarter worth approximately $31,000. Hilton Head Capital Partners LLC increased its holdings in shares of 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 acquiring an additional 134 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Crown Castle in the 4th quarter valued at approximately $34,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle during the 1st quarter valued at approximately $32,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Crown Castle news, VP Robert Sean Collins sold 1,500 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total value of $113,835.00. Following the completion of the transaction, the vice president owned 5,113 shares in the company, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Analysis on Crown Castle
Crown Castle Stock Performance
CCI stock opened at $76.09 on Friday. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 0.40 and a beta of 0.95. Crown Castle Inc. has a 1 year low of $69.72 and a 1 year high of $100.50. The stock’s fifty day moving average is $76.91 and its two-hundred day moving average is $83.86.
Crown Castle (NYSE:CCI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.05 million. During the same period last year, the firm posted $0.67 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. As a group, analysts predict that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.
Crown Castle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Crown Castle’s payout ratio is presently 215.74%.
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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