Knights of Columbus Asset Advisors LLC boosted its stake in Crown Castle Inc. (NYSE:CCI – Free Report) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,716 shares of the real estate investment trust’s stock after buying an additional 10,567 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Crown Castle were worth $4,329,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership increased its position in Crown Castle by 25.8% in the third quarter. Foresight Group Ltd Liability Partnership now owns 103,407 shares of the real estate investment trust’s stock worth $9,950,000 after buying an additional 21,194 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Crown Castle by 15.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,963 shares of the real estate investment trust’s stock valued at $6,847,000 after purchasing an additional 9,552 shares during the period. National Pension Service increased its holdings in shares of Crown Castle by 3.5% during the third quarter. National Pension Service now owns 656,795 shares of the real estate investment trust’s stock valued at $63,374,000 after purchasing an additional 21,986 shares during the period. Aberdeen Group plc increased its holdings 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 valued at $93,551,000 after purchasing an additional 128,212 shares during the period. Finally, Vinva Investment Management Ltd increased its holdings in shares of Crown Castle by 30.9% during the third quarter. Vinva Investment Management Ltd now owns 197,804 shares of the real estate investment trust’s stock valued at $19,027,000 after purchasing an additional 46,693 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the completion of the transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. This trade represents a 34.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on Crown Castle
Crown Castle Stock Up 0.2%
Shares of CCI stock opened at $90.82 on Thursday. The stock has a 50-day simple moving average of $86.48 and a 200 day simple moving average of $87.65. Crown Castle Inc. has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The stock has a market capitalization of $39.64 billion, a P/E ratio of 37.53, a P/E/G ratio of 0.46 and a beta of 0.93.
Crown Castle (NYSE:CCI – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.55. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter last year, the business posted $1.10 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, sell-side analysts anticipate that Crown Castle Inc. will post 4.22 earnings per share for the current year.
Crown Castle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a yield of 4.7%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.
Crown Castle 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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