Crown Castle Inc. $CCI Shares Purchased by S Bank Fund Management Ltd

S Bank Fund Management Ltd raised its stake in Crown Castle Inc. (NYSE:CCI) by 40.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,950 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the quarter. S Bank Fund Management Ltd’s holdings in Crown Castle were worth $3,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCI. Empowered Funds LLC boosted its stake in Crown Castle by 7.5% during the 1st 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 increased its stake in shares of 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 valued at $9,000,000 after purchasing an additional 5,630 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Crown Castle by 3.7% during the second quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 272 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Crown Castle by 49.3% during the second quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 3,603 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Crown Castle by 5.6% during the second quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

In other news, VP Robert Sean Collins sold 3,000 shares of Crown Castle stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total transaction of $401,481.00. Following the sale, the executive vice president owned 25,183 shares in the company, valued at $2,174,300.22. This represents a 15.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is currently owned by insiders.

Crown Castle Stock Performance

NYSE CCI opened at $89.11 on Wednesday. Crown Castle Inc. has a 1 year low of $75.96 and a 1 year high of $115.76. The business’s fifty day moving average is $85.83 and its two-hundred day moving average is $88.09. The stock has a market capitalization of $38.89 billion, a P/E ratio of 36.82, a P/E/G ratio of 0.46 and a beta of 0.93.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping 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 $995.42 million. Crown Castle had a negative return on equity of 64.64% and a net margin of 25.13%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. 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, March 31st. Investors of record on Friday, March 13th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.25 dividend on an annualized basis and a yield of 4.8%. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCI. Citigroup decreased their price objective on Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Wall Street Zen lowered Crown Castle from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. KeyCorp lifted their price objective on shares of Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group upped their price objective on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Finally, Zacks Research upgraded shares of Crown Castle from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.39.

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.