Sterling Capital Management LLC lowered its position in shares of Crown Castle Inc. (NYSE:CCI – Free Report) by 43.4% during the first quarter, Holdings Channel reports. The fund owned 14,593 shares of the real estate investment trust’s stock after selling 11,175 shares during the quarter. Sterling Capital Management LLC’s holdings in Crown Castle were worth $1,187,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CCI. Vanguard Group Inc. lifted its stake in shares of Crown Castle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 69,769,393 shares of the real estate investment trust’s stock worth $6,200,406,000 after purchasing an additional 386,733 shares during the period. Cohen & Steers Inc. lifted its position in Crown Castle by 11.0% during the fourth quarter. Cohen & Steers Inc. now owns 39,790,292 shares of the real estate investment trust’s stock worth $3,536,214,000 after buying an additional 3,953,685 shares during the period. State Street Corp boosted its stake in Crown Castle by 2.4% in the 4th quarter. State Street Corp now owns 22,239,559 shares of the real estate investment trust’s stock worth $1,976,430,000 after buying an additional 511,018 shares during the last quarter. Wellington Management Group LLP grew its holdings in Crown Castle by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 13,986,852 shares of the real estate investment trust’s stock valued at $1,243,012,000 after buying an additional 380,419 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Crown Castle by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 13,027,749 shares of the real estate investment trust’s stock valued at $1,156,972,000 after acquiring an additional 184,533 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Crown Castle from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. The Goldman Sachs Group started coverage on Crown Castle in a research report on Friday. They issued a “neutral” rating and a $95.00 target price on the stock. KeyCorp lifted their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Raymond James Financial boosted their price target on Crown Castle from $102.00 to $108.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Barclays upped their price target on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and an average target price of $98.52.
Crown Castle Trading Down 4.8%
Shares of CCI stock opened at $78.65 on Tuesday. The company has a market cap of $34.33 billion, a PE ratio of 32.50, a P/E/G ratio of 0.42 and a beta of 0.93. The company’s fifty day simple moving average is $88.45 and its 200-day simple moving average is $87.23. Crown Castle Inc. has a 52 week low of $75.96 and a 52 week high of $115.76.
Crown Castle (NYSE:CCI – Get Free Report) last announced its quarterly 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. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.41 million. During the same period in the prior year, the company earned $1.10 EPS. The firm’s 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. Equities research analysts expect that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.
Crown Castle Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.4%. Crown Castle’s dividend payout ratio is presently 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.
Further Reading
- Five stocks we like better than Crown Castle
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle Inc. (NYSE:CCI – Free Report).
Receive News & Ratings for Crown Castle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle and related companies with MarketBeat.com's FREE daily email newsletter.
