Crown Castle Inc. $CCI Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 39.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 315,460 shares of the real estate investment trust’s stock after selling 209,278 shares during the quarter. Natixis Advisors LLC’s holdings in Crown Castle were worth $28,035,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Crown Castle during the third quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Crown Castle during the third quarter worth $31,000. Triumph Capital Management acquired a new stake in shares of Crown Castle during the third quarter worth $31,000. Salomon & Ludwin LLC boosted its holdings in shares of Crown Castle by 128.7% during the fourth quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Crown Castle by 269.9% during the third quarter. Cornerstone Planning Group LLC now owns 381 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $93.79 on Friday. The business’s 50-day moving average is $87.41 and its two-hundred day moving average is $87.61. Crown Castle Inc. has a 12 month low of $75.96 and a 12 month high of $115.76. The firm has a market capitalization of $40.94 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.45 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 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue 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. Equities analysts anticipate that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 4.5%. Crown Castle’s dividend payout ratio (DPR) is 175.62%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial began coverage on Crown Castle in a research report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Citigroup cut their target price on Crown Castle from $110.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Scotiabank cut their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 7th. UBS Group cut their target price on Crown Castle from $116.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, KeyCorp increased their target price on Crown Castle from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.52.

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.