WINTON GROUP Ltd Invests $9.09 Million in Crown Castle Inc. $CCI

WINTON GROUP Ltd bought a new position in shares of Crown Castle Inc. (NYSE:CCI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 102,251 shares of the real estate investment trust’s stock, valued at approximately $9,087,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new stake in shares of Crown Castle during the third quarter worth $29,000. Triumph Capital Management bought a new stake in shares of Crown Castle during the third quarter worth $31,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Crown Castle during the third quarter worth $31,000. Salomon & Ludwin LLC raised its position 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 acquiring an additional 215 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position 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 acquiring an additional 278 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

CCI has been the subject of a number of recent research reports. KeyCorp boosted 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price objective (down from $90.00) on shares of Crown Castle in a research note on Monday, March 23rd. Barclays lifted their price objective on Crown Castle from $91.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group lifted their price objective on Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.52.

Crown Castle Stock Performance

Shares of Crown Castle stock opened at $94.27 on Friday. The business’s 50 day simple moving average is $87.75 and its 200 day simple moving average is $87.66. Crown Castle Inc. has a 52-week low of $75.96 and a 52-week high of $115.76. The firm has a market cap of $41.15 billion, a PE ratio of 38.96, a P/E/G ratio of 0.48 and a beta of 0.93.

Crown Castle (NYSE:CCI) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. During the same quarter last year, the firm earned $1.10 EPS. 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. As a group, equities research analysts predict that Crown Castle Inc. will post 4.22 EPS for the current year.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Crown Castle’s dividend payout ratio (DPR) is currently 175.62%.

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.