Plato Investment Management Ltd Buys New Position in Crown Castle Inc. $CCI

Plato Investment Management Ltd purchased a new position in shares of Crown Castle Inc. (NYSE:CCIFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,189 shares of the real estate investment trust’s stock, valued at approximately $692,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in shares of Crown Castle during the third quarter worth approximately $29,000. Triumph Capital Management acquired a new position in shares of Crown Castle in the 3rd quarter valued at $31,000. Hilton Head Capital Partners LLC raised its position in 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 purchasing an additional 134 shares during the last quarter. Salomon & Ludwin LLC raised its position in Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 215 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new stake in Crown Castle during the 4th quarter worth $34,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Crown Castle

In other news, VP Robert Sean Collins sold 1,500 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president directly owned 5,113 shares in the company, valued at $388,025.57. The trade was a 22.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CCI has been the topic of several research reports. KeyCorp raised their price objective on shares of Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reduced their target price on shares of Crown Castle from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Barclays upped their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. The Goldman Sachs Group began coverage on Crown Castle in a report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on Crown Castle from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

View Our Latest Stock Analysis on CCI

Crown Castle Price Performance

Shares of NYSE CCI opened at $74.04 on Wednesday. The stock has a fifty day moving average price of $78.90 and a 200 day moving average price of $84.34. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $104.61. The company has a market cap of $31.50 billion, a PE ratio of 37.58, a P/E/G ratio of 0.40 and a beta of 0.95.

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 analysts’ consensus estimates of $0.39 by ($0.17). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $995.05 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Analysts anticipate that Crown Castle Inc. will post 4.39 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.25 annualized dividend and a dividend yield of 5.7%. Crown Castle’s payout ratio is presently 215.74%.

Crown Castle Profile

(Free Report)

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

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