KBC Group NV lifted its holdings in shares of Crown Castle Inc. (NYSE:CCI – Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,007 shares of the real estate investment trust’s stock after buying an additional 9,338 shares during the period. KBC Group NV’s holdings in Crown Castle were worth $8,375,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Empowered Funds LLC increased its holdings in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust’s stock valued at $1,714,000 after purchasing an additional 1,150 shares during the period. First Trust Advisors LP lifted its holdings in Crown Castle by 6.9% in the second quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust’s stock worth $9,000,000 after purchasing an additional 5,630 shares during the period. Baird Financial Group Inc. lifted its holdings in Crown Castle by 3.7% in the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 272 shares during the period. Jump Financial LLC lifted its holdings in Crown Castle by 49.3% in the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 3,603 shares during the period. Finally, Federated Hermes Inc. grew its position in Crown Castle by 5.6% in the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 261 shares in the last quarter. 90.77% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CCI shares. Barclays raised their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Jefferies Financial Group increased their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. The Goldman Sachs Group started coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price objective on the stock. Wolfe Research cut Crown Castle from an “outperform” rating to a “peer perform” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Crown Castle in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.52.
Crown Castle Trading Up 2.0%
NYSE:CCI opened at $77.73 on Thursday. The company has a 50-day moving average of $84.87 and a 200-day moving average of $85.91. The firm has a market cap of $33.93 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. Crown Castle Inc. has a twelve month low of $73.75 and a twelve month high of $115.76.
Crown Castle (NYSE:CCI – Get Free Report) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.47 by $0.55. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.41 million. Crown Castle had a net margin of 25.13% and a negative return on equity of 64.64%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. On average, research analysts forecast that Crown Castle Inc. will post 4.22 earnings per share for the current year.
Crown Castle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.5%. Crown Castle’s dividend payout ratio is currently 175.62%.
Crown Castle News Roundup
Here are the key news stories impacting Crown Castle this week:
- Positive Sentiment: Crown Castle reported quarterly FFO of $1.13 per share, beating the Zacks consensus estimate of $1.00, while revenue of about $1.01 billion also came in slightly above expectations.
- Positive Sentiment: The company raised its full-year 2026 EPS guidance to $4.53-$4.65, above the prior outlook and above analyst expectations, signaling better-than-expected earnings momentum.
- Positive Sentiment: Management also nudged up its 2026 AFFO outlook and increased expected net income, suggesting stronger cash generation and profitability than previously forecast.
- Neutral Sentiment: Reported quarterly EPS of $0.22 missed one consensus estimate, but the miss appears less important to investors than the stronger FFO and guidance update.
- Neutral Sentiment: Year-over-year revenue was still down 4.9%, indicating the core business remains under some pressure even as earnings expectations improve.
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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