Stevens Capital Management LP Lowers Stake in Crown Castle Inc. $CCI

Stevens Capital Management LP trimmed its position in Crown Castle Inc. (NYSE:CCI) by 62.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,077 shares of the real estate investment trust’s stock after selling 11,560 shares during the quarter. Stevens Capital Management LP’s holdings in Crown Castle were worth $629,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CCI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Crown Castle by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 916,392 shares of the real estate investment trust’s stock worth $81,284,000 after buying an additional 43,276 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Crown Castle by 5.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,894 shares of the real estate investment trust’s stock valued at $5,234,000 after acquiring an additional 2,805 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its position in Crown Castle by 2.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 10,888 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 244 shares during the period. Principal Financial Group Inc. increased its holdings in Crown Castle by 422.5% in the 4th quarter. Principal Financial Group Inc. now owns 3,581,154 shares of the real estate investment trust’s stock valued at $318,258,000 after purchasing an additional 2,895,756 shares in the last quarter. Finally, Long Run Wealth Advisors LLC raised its position in Crown Castle by 2.4% in the fourth quarter. Long Run Wealth Advisors LLC now owns 17,723 shares of the real estate investment trust’s stock valued at $1,575,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Crown Castle Stock Performance

NYSE:CCI opened at $89.11 on Wednesday. The company has a market capitalization of $38.89 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 0.46 and a beta of 0.93. Crown Castle Inc. has a one year low of $75.96 and a one year high of $115.76. The stock has a 50-day simple moving average of $85.83 and a 200 day simple moving average of $88.09.

Crown Castle (NYSE:CCI) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Crown Castle’s revenue for the quarter was down 4.9% compared to the same quarter last year. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. On average, equities research analysts forecast that Crown Castle Inc. will post 4.22 EPS for the current fiscal year.

Crown Castle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio is currently 175.62%.

Insider Buying and Selling at Crown Castle

In related news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the transaction, the executive vice president directly owned 25,183 shares in the company, valued at $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction on 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 directly owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

CCI has been the subject of several analyst reports. Scotiabank decreased their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. Truist Financial started coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Jefferies Financial Group upped their price target on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Crown Castle from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.39.

About Crown Castle

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.