Crown Castle Inc. $CCI Position Increased by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in shares of Crown Castle Inc. (NYSE:CCIFree Report) by 7,321.8% in the second quarter, HoldingsChannel reports. The firm owned 52,821,372 shares of the real estate investment trust’s stock after purchasing an additional 52,109,665 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Crown Castle worth $4,000,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CCI. Wiser Advisor Group LLC acquired a new stake in Crown Castle in the third quarter worth $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle during the third quarter valued at $31,000. Hilton Head Capital Partners LLC grew its position in shares of Crown Castle by 55.6% during the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 134 shares during the last quarter. MV Capital Management Inc. bought a new position in shares of Crown Castle during the fourth quarter worth about $34,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Crown Castle in the 1st quarter worth about $32,000. 90.77% of the stock is currently owned by institutional investors.

Insider Activity at Crown Castle

In other news, VP Robert Collins sold 1,500 shares of the company’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 value of $113,835.00. Following the completion of the sale, the vice president directly owned 5,113 shares of the company’s stock, valued at approximately $388,025.57. This represents a 22.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Crown Castle Stock Performance

Shares of CCI opened at $73.67 on Friday. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. Crown Castle Inc. has a one year low of $69.72 and a one year high of $100.50. The stock’s fifty day moving average is $76.15 and its 200-day moving average is $83.07.

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

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 15th. Crown Castle’s payout ratio is 215.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCI. TD Cowen cut their price objective on shares of Crown Castle from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets dropped their price target on shares of Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Wednesday, August 19th. Finally, Wolfe Research downgraded Crown Castle from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, May 20th. Two 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.13.

Get Our Latest Analysis on CCI

Crown Castle Company Profile

(Free Report)

Crown Castle Inc (NYSE: CCI) is a communications infrastructure company that owns, operates and leases shared wireless infrastructure in the United States. Its assets support wireless carriers, broadcasters, government agencies and other communications providers by enabling the transmission of voice, data and video services.

The company’s primary infrastructure includes cell towers and other tower sites that host antennas and related equipment. Crown Castle has also developed and operated fiber networks and small-cell systems, which help wireless providers expand network capacity and coverage in densely populated areas and along high-traffic corridors.

Founded in 1994 and headquartered in Houston, Texas, Crown Castle has historically served customers across major U.S.

Further Reading

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

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